Berry Global Group has introduced the $6.5 billion acquisition of RPC Group. The mixture of Berry and RPC creates a world provider of valued-added protecting answers and one of the vital global’s biggest plastic packaging firms. Berry’s mixed world footprint will include over 290 places international, together with places in North and South America, Europe, Asia, Africa, and Australia. The professional forma mixed trade will make use of over 48,000 other folks throughout six continents with gross sales of roughly $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,” stated Tom Salmon, chairman and CEO of Berry.
“The acquisition of RPC will give us the chance to leverage our mixed technology in leading edge subject matter science, product building, and production applied sciences to create important price for our shareholders. Through this shared manner, we await roughly $150 million in annual synergies.
“We remain highly impressed by the depth of talent and resources embedded within RPC and are looking forward to the opportunity to strengthen our combined platform with the wealth of experience and expertise this team has to offer. We believe this acquisition will further enhance the long-term outlook for our business and will provide a unique value creation opportunity for our shareholders,” mentioned Salmon.