Pack Peek Gallery
RPC acquires GCS for €650m
Finally, less of an innovation and more some news from the industry, as RPC Group has announced plans to acquire Global Closure Systems in a deal valued around €650 million.
The deal, which is contingent on shareholder approval at RPC Group's general meeting in the new year and is expected to be completed by March 2016, could further strengthen RPC's position in Europe's rigid plastic packaging market, following the acquisitions of Promens in 2014 and Superfos in 2011.
The move it looks set to extend RPC's penetration and growth in several niche markets.