Recently, the famous international plastic product design and engineering company, RPC Group in Lashden, United Kingdom, announced that it would like to acquire Nordisk, a company based in Steinfeld, Germany, for 7.5 billion euros. In the packaging market for consumer goods, etc., it designs and manufactures high value-added polyethylene film leading companies. And the company has established two operating agencies in Germany and Poland, mainly to recover some products and carry out development, apply for patents, and now have some Market-leading innovative products are put into commercial production. After the acquisition, the Nordben management team will continue to carry out the original business.
After the bpi Group completed the acquisition and successfully transformed, its capital yield has exceeded 15%, and the acquisition of Nord Company will greatly enhance the flexibility of RPC Group's development. This acquisition makes bpi’s market position in Europe a great deal. Upgraded and gained sales channels in more regions including Eastern Europe. Nordben will not only contribute to the future development of the RPC Group, but will also help to achieve cost synergies, mainly from procurement and practical exchanges. On the other hand, the additional costs required to achieve synergy are not expected to be large. Without additional costs, the acquisition of Nordben may be expected to make bpi better.
The acquisition will eventually require the approval of the competent authorities of Poland and Germany, and plans to discuss the acquisition in the first half of fiscal year ending in March 2019. RPC CEO Pim Vervaat said: 'I warmly welcome Nordwell has joined the RPC Group. This acquisition significantly enhances the flexibility of our platform. At the same time, the innovative upgrade will further increase the Group's attractiveness in the European core market. The integration of the European plastic packaging industry has been a core part of the RPC strategy. The need for innovation, sustainable development, and attention to end-market operations have made us confident that organic growth will be achieved before GDP growth.