13th Dec 2018 10:10
LONDON (Alliance News) - Plastic products firm RPC Group PLC on Thursday said it has sold off its spirits closures business in Scotland as part of a non-core business sale programme.
RPC has sold the business, based in Bridge of Allan, to GCL International SARL for GBP19 million. GCL is a subsidiary of Guala Closures Group.
In June, RPC said it would be selling three non-core business. The first, Letica Foodservice, was sold in September, so the spirits closures arm marks the second step in the plan.
The sales process, RPC said, for the European injection moulding automotive business, based in the Netherlands and Estonia, has begun.
RPC shares were 1.1% lower on Thursday at a price of 645.40 pence each.
Related Shares:
Rpc Group