Berry Global £3.3 billion bid for RPC Group

Overview:

• Berry Global has made a £3.3 billion recommended cash offer for RPC Group.
• Berry is a NYSE listed manufacturer and marketer of plastic packaging products.
• The bid comes after a lower bid from Apollo Global Management.
• RPC is an LSE listed design and engineering company of plastic products for both packaging and selected non-packaging markets. 
• Goldman Sachs and Wells Fargo are acting as financial advisers to Berry.
• The deal is the second acquisition in the plastics sector in the last week following Olympus Partners' acquisition of DS Smith.

Sam Duke