Berry Global completed the acquisition of RPC Group for $6.5bn.

Berry Global, a supplier of a broad range of innovative rigid, flexible, and non-woven products, completed the acquisition of RPC Group, a design and engineering company in plastic products. Under the terms of the Acquisition, each RPC Shareholder received 793 pence ($10) in cash. The Consideration represents a premium of 16%. to the Closing Price of 683.6 pence ($9) per RPC Share on 7 September 2018 (being the last Business Day prior to the commencement of the Offer Period); an increase of 11 pence ($0.14) to the Apollo Offer of 782 pence ($10); an aggregate value of £3.34bn ($4.2bn) for RPC's issued and to be issued share capital. "The Board of RPC is pleased to recommend Berry's cash offer for the Group which is at an 11p ($0.14) per share premium to the Apollo proposal and provides shareholders with significant value in cash for their shares. The combination of RPC and Berry would create a leading global plastics products design and engineering company and represents a strong strategic fit. Both companies are highly complementary in terms of product portfolio, customer base, polymer conversion technologies and geographic footprint," Jamie Pike, RPC Chairman. "We are extremely excited to welcome the deep and experienced RPC team, along with their differentiated global platform, to the Berry organization. This transformational combination will create a strong global leader in plastic packaging and recycled solutions that enhances our organic and inorganic growth opportunities moving forward. We believe this transaction enhances the long-term outlook for our business and provides a unique value creation opportunity for our shareholders. We plan to leverage our combined know-how in material science, product development and manufacturing technologies across resin-based applications to integrate quickly and build a best-in-class organization for all stakeholders," Tom Salmon, Berry Chief Executive and Chairman.