CFI advised Jagtenberg Plastics on its sale to RPC Group
Amsterdam – CFI is pleased to announce that it has acted as the exclusive corporate finance advisor to Jagtenberg Plastics on its sale to RPC Group.
Headquartered in Heerewaarden since 1965, Jagtenberg is a blow moulding company manufacturing high quality packaging for various markets. The main markets of Jagtenberg are the chemical, food and beverage, and the fuel & engine oil industry. Next to this, Jagtenberg produces several specialized technical products for the building industry. It has close contacts with reputable raw material suppliers, which ensures that the latest know-how of the developments in the field of plastics for the blow moulding industry is available for their clients. Jagtenberg is dedicated to support sustainability: all their products meet the legal requirements and stands for sustainable use of natural resources and solutions to reduce the environmental burden.
With more than 130 operations and 18.300 employees, RPC Group PLC (‘RPC’, ISIN: GB00BD7Y6T63, ticker symbol: 0RC) is today a £2bn global design and engineering company specializing in polymer conversion in packaging and non-packaging markets. RPC creates innovative packaging solutions for many end markets, including food & drink, cosmetics, and personal care, pharmaceutical, automotive, and household and industrial chemicals, as well as advanced technical components for sectors such as light and heavy vehicles, and electronics. RPC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Mr. Roland Jagtenberg, the shareholder remarked: “we are enthusiastic that our family business found a new home with RPC. The activities of Jagtenberg will certainly complement the package of services by RPC. We are convinced, that both Jagtenberg and RPC will benefit tremendously from this transaction, leveraging Jagtenbergs products on RPC’s customerbase and vice versa”. On the cooperation with CFI, Mr Jagtenberg stated: “It was clear from our first interaction with the team of MBCF that they would bring unique industry knowledge and professionalism to the table, and they have delivered what they promised”.
The transaction was closed on 16 October 2016.
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Family shareholders have sold Jagtenberg Plastics, a blow moulding packaging company, to RPC Group
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