We are pleased to confirm yesterday’s news that our shareholder, Stirling Square Capital Partners, has agreed on a sale and purchase agreement with RPC Group on the sale of all shares in ESE World BV.
Announcing the news in a company wide letter, ESE World BV CEO Björn Hedenström and CFO Claudius Bensberg wrote,”This sale is a large step forward for our company, as RPC is a leading plastic products design and engineering company for packaging and selected non-packaging markets, with 28 innovation centres and over 150 operations in 31 countries, and employs more than 20,000 people. The company is one of the largest plastic converters in Europe and has operations within injection-moulding, thermoforming, blow-moulding and rotational-moulding.“
The acquisition continues a year of expansion through organic growth and strategic acquisitions for Northamptonshire-based RPC Group whose annual revenue exceeds €3,2bn.
“To become a part of a strong and dynamic industrial group will give us synergies and competence exchange with leading innovative companies in- and outside Europe, and we see between RPC and ESE a good cultural fit, as well as a common focus on innovation, growth and high value plastic conversion.” continued Hedenström and Bensberg, before thanking Stirling Square for their support through the process and “during the years to bring ESE to the position where we can now enter the next phase in our history.”
The proposed acquisition is conditional upon obtaining regulatory approval, so completion is not expected until early 2017. We look forward to a successful finalisation and future.