Plastic packaging maker RPC Group offers to buy GCS Group

December 14, 2015 7:28 AM

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Dec 14 British plastic packaging supplier RPC Group Plc said it had proposed to buy Global Closure Systems (GCS Group), a maker of closures and dispensing systems, for an enterprise value of 650 million euros ($712 million) to strengthen its position in European markets.

On completion, the cash consideration payable to the GCS seller will be 186 million euros, RPC said on Monday.

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