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Completion of Promens Group AS Acquisition

20th Feb 2015 16:54

RNS Number : 5244F
RPC Group PLC
20 February 2015
 

THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

20 February 2015

For immediate release

RPC Group Plc

("RPC" or the "Company")

Completion of Promens Group AS Acquisition

RPC, the international rigid plastic supplier to packaging and non-packaging markets, is pleased to announce the completion of the acquisition of Promens Group AS ("Promens"), details of which were announced on 27 November 2014, following receipt of all required anti-trust clearances.

Pim Vervaat, Chief Executive of RPC, commented:

"We are pleased to have completed the acquisition of Promens and look forward to welcoming our new colleagues into the RPC Group. The combination of RPC and Promens will create an enhanced platform of scale across our core European end markets enabling us to deliver superior value for our customers and shareholders in the future."

Jakob Sigurdsson, President & Chief Executive Officer of Promens, commented:

 

"The combination of RPC and Promens will be a very powerful one which will undoubtedly deliver tremendous value for our customers through the enlarged Group's enhanced product, technology and geographic reach, together with the interaction of our respective employees in sharing best practice with their vast experience in the plastics industry. This transaction is a testimony of the outstanding work of the employees of Promens over many years."

 

 

For further information, please contact:

 

RPC Group Plc:

+44 (0)1933 410 064

Pim Vervaat, Chief Executive

Simon Kesterton, Group Finance Director

Rothschild - Financial Adviser and Sponsor:

+44 (0)20 7280 5000

Charles Montgomerie

Yuri Shakhmin

FTI Consulting:

+44 (0)20 3727 1340

Richard Mountain

Nick Hasell

 

 

 

IMPORTANT NOTICE

 

The information contained herein is not for release, publication, distribution or forwarding, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the US Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the US Securities Act. There will be no public offer of the securities in the United States.

 

END

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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