British packaging group looks to box up Albea with $1.5B bid
October 27, 2016
Commercial Services | Gennevilliers, France | Corporate Acquisition
RPC (LON: RPC) is putting together a reported $1.5 billion bid for French rival Albea, according to Reuters. The auction is reported to include CVC, Bain, Onex and Partners Group, among others. Albea, a Sun Capital portfolio company since 2010, provides packaging for beauty and personal care products. Bids are expected to arrive in the neighborhood of 8x the company's $180 million EBITDA for this year.