RPC acquires rigid packaging moulder Helioplast

Following its earlier acquisition of Maynard & Harris Group (http://www.plasticsandrubberasia.com/jan2014/company7.html), RPC Group, Europe’s leading supplier of rigid plastic packaging, has acquired Helioplast from the management. Based in Bosnia and Herzegovina and generating circa £7 million of annual sales, Helioplast is a leading supplier of injection moulded rigid plastic packaging within consumer food segments. From newly constructed manufacturing facilities in Gračanica, Helioplast offers a wide range of designs differentiated by the company’s expertise across in-mould label decoration technology and supported by an in-house tool shop and a comprehensive tooling library.

Having supplied customers in Bosnia and neighbouring Croatia for many years, the company has also more recently made in-roads into additional export markets in the Balkan region as well as the wider south eastern European region. It employs approximately 80 employees.

Suad Helić, Managing Director of Helioplast and one of the selling shareholders, will continue to lead the Helioplast business with support from the RPC Superfos cluster. RPC has funded the acquisition from existing debt facilities.

RPC says that Helioplast is a good strategic fit with RPC Superfos satisfying the group’s core acquisition criteria by extending the geographic reach of the Superfos cluster into the Balkan region whilst providing a manufacturing base to support further sales growth into the south eastern European region.

For the year ended 31 December 2012, the latest period for which audited accounts are available, Helioplast generated an operating profit before the deduction of depreciation and amortisation (EBITDA) of circa £1.4 million. The acquisition is expected to be earnings enhancing for the group in the next financial year ending 31 March 2015.

(IMA)

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