RPC Group Plc Acquires Promens Group AS
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."