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RPC Group buys polythene maker Nordfolien for 75m
International plastics engineer RPC Group said it had bought polythene film maker Nordfolien for 75m.
The purchase is being funded from RPC's existing debt facilities and represents a pre-synergy EBITDA multiple of around seven times. Nordfolien is expected to report revenue of 130m for the same period.
RPC said the acquisition would not impact its £100m share buyback programme, currently underway.
Nordfolien designs and makes of higher added value polythene films for both industrial and consumer packaging markets with two sites in Germany and Poland, RPC added.