RPC Group, a UK-based plastic packaging solutions provider, has agreed to acquire industrial and consumer packaging firm, Nordfolien, for €75m.
Nordfolien is engaged in the design and manufacturing of polythene films for industrial and consumer packaging markets.
Nordfolien manufactures NordiPURE bag-in-bag that can be used for the transport of goods related to food and pharmaceutical industry.
The company also produces Big Bale customized and ready-formed side-gusseted bag that can be used for bulk packaging applications.
Nordfolien also produces form, fill and seal flat and tubular films, as well as laminated composite films and multi-layer barrier films.
Other solutions of the company include MaxiPouch and MaxiPouch-liquid packaging solutions.
The company operates two advanced facilities with in-house recycling capabilities in Germany and Poland.
The acquisition will help RPC to expand its market presence in Europe, in addition to providing access to higher growth geographies such as Eastern Europe.
Subject to clearance from the Polish and German competition authorities, the deal is expected to complete in the first half of the financial year ending this March.
RPC Group chief executive Pim Vervaat said: “The acquisition will significantly enhance our growth platform in flexibles whilst adding further innovation capability in an attractive market segment.
“Participation in the ongoing consolidation of the European plastic packaging industry remains a core part of RPC's strategy, and through our focus on innovation, sustainability and operating in attractive end markets, we remain confident in continuing to grow organically through the cycle ahead of GDP."
With a turnover of around €4bn per annum, RPC Group provides plastic solutions for packaging and non-packaging markets.
RPC operates seven divisions, including PC Ace, RPC Bebo, RPC bpi group, RPC Bramlage, RPC M&H, RPC Promens and RPC Superfos.
In 2017, RPC acquired South Africa-based Astrapak, which is a specialized manufacturer of moulded and thermoformed plastic packaging solutions. During the same year, the company acquired US-based Letica to expand its market presence in North America.
