M&A Deal Summary

RPC Group Acquires Letica

On February 9, 2017, RPC Group acquired plastics company Letica for 640M USD

Acquisition Highlights
  • This is RPC Group’s 7th transaction in the Plastics sector.
  • This is RPC Group’s 2nd largest (disclosed) transaction.
  • This is RPC Group’s 1st transaction in the United States.
  • This is RPC Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-02-09
Target Letica
Sector Plastics
Buyer(s) RPC Group
Deal Type Add-on Acquisition
Deal Value 640M USD
Advisor(s) Wells Fargo Securities (Financial)

Target

Letica

Rochester, Michigan, United States
Letica Corp. is a North American manufacturer and distributor of rigid plastic packaging and foodservice products serving building and construction, foodservice, food, chemical and retail end markets. Letica operates a wide range of production processes, including injection moulding, thermoforming, paper forming and sheet extrusion, and has an in-house design centre with high-quality printing, decorating and labelling capabilities. Letica has built longstanding relationships with leading, blue-chip customers in a range of attractive and resilient end markets.

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Buyer(S) 1

Buyer

RPC Group

Rushden, United Kingdom
Category Company
Founded 1991
Sector Plastics
Employees18,358
Revenue 1.6B GBP (2016)
DESCRIPTION

RPC Group Ltd. engages in the manufacture and sale of rigid plastic packaging and associated equipment primarily in the United Kingdom, Germany, France, the United States, and Mainland Europe. RPC Group was formed in 1991 and is based in Rushden, United Kingdom.

DEAL STATS #
Overall 13 of 15
Sector (Plastics) 7 of 9
Type (Add-on Acquisition) 11 of 13
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 ESE World B.V.

Maastricht, Netherlands

ESE World B.V. is a manufacturer of plastic waste collection containers. Its product portfolio includes a broad range of 2-wheel and 4-wheel waste containers, collection banks and innovative underground waste collection systems. ESE World B.V. is based in Maastricht, Netherlands.

Buy €263M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Amber Plastics Pty

Melbourne, Australia

Amber Plastics Pty Ltd. is a provider of injection-moulded plastic packaging containers to the dairy and food industry in Australia. Amber Plastics Pty Ltd. was established in 2012 and is headquartered in Melbourne, Australia.

Buy -
Mergr

Product

Company

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