Berry Global Completes Acquisition of RPC Group
Berry Global Group, Inc. announced the completion of its acquisition of RPC Group Plc for a purchase price of approximately $6.5 billion, The combination of Berry and RPC creates one of the world’s largest plastic packaging companies.
Berry’s combined global footprint will consist of over 290 locations worldwide, including locations in North and South America, Europe, Asia, Africa, and Australia. The pro forma combined business will employ over 48,000 people across six continents with sales of approximately $13 billion.
“We are very excited to move forward together as a global plastic and recycled packaging industry leader, serving thousands of customers with our high-quality, innovative, and protective solutions along with the industry’s most diversified and expansive manufacturing footprint,” said Tom Salmon, chairman and CEO of Berry. “The acquisition of RPC will give us the opportunity to leverage our combined know-how in innovative material science, product development, and manufacturing technologies to create significant value for our shareholders. Through this shared approach, we anticipate approximately $150 million in synergies.
“We remain highly impressed by the tremendous depth of talent and resources embedded within RPC, and are looking forward to the opportunity to strengthen our combined platform,” stated Salmon. Berry Global Group, Inc. is a global supplier of a broad range of innovative rigid, flexible, and non-woven products.
Berry Global Group