EVANSVILLE, Ind. (WFIE) - Berry Global has completed their acquisition of RPC Group, Plc.
According to a release the deal cost around $6.5 billion, making Berry one of the world’s largest plastic packaging companies.
RPC is based in the United Kingdom.
The merge also spurred a new business structure.
The Evansville based company will now have four divisions, instead of three.
“We are very excited to move forward together as a global plastic and recycled packaging industry leader, serving thousands of customers with our high-quality, innovative, and protective solutions along with the industry’s most diversified and expansive manufacturing footprint,” said Tom Salmon, Chairman and CEO of Berry. “The acquisition of RPC will give us the opportunity to leverage our combined know-how in innovative material science, product development, and manufacturing technologies to create significant value for our shareholders. Through this shared approach, we anticipate approximately $150 million in annual synergies.”