RPC Group set to acquire Superfos rival for €240 million
from Plastics & Rubber Weekly
U.K.-based rigid packaging producer RPC Group announced that it has agreed to buy Danish packaging rival Superfos for €240 million. The Superfos business generated sales of €294.5 million and ebitda before non-recurring items of €52.3 million for the year to the end of December 2009. RPC Group, which generated sales for the year to April 2010 of £720 million and ebitda of £40.9 million, intends to finance the deal through a combination of a €90 million rights issue and debt (in the form of a €130 million loan).
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