EVANSVILLE — Evansville-based Berry Global announced Friday its intent to acquire RPC Group Plc, an international design and engineering company.

A news release from Berry said the $6.5 billion acquisition would create a global plastic and recycled packaging product franchise. The combined company will have revenue of approximately $13 billion and some 48,000 employees across six continents.

RPC provides plastic and recycled products for packaging, focusing on rigid and flexible packaging. The company is positioned prominently across a range of consumer, industrial, and healthcare end markets, according to the release.

RPC is supported by 153 manufacturing locations and has commercial presences in 33 countries. The company employs approximately 25,000 and serves more than 10,000 customers.

For the 12-month period that ended Sept. 30, 2018, RPC generated net sales and adjusted EBITDA of $4.8 billion and $768 million, respectively.

“We are extremely excited about the opportunity to welcome the team and global capabilities of RPC to the Berry organization," said Tom Salmon, Chairman and CEO of Berry. "We are highly impressed by the tremendous depth of talent and resources embedded within RPC, and are looking forward to the opportunity to strengthen our combined platform with the wealth of experience and expertise this team has to offer.

“We believe this transaction will further enhance the long-term outlook for our business and will provide a unique value creation opportunity for our shareholders. We plan to leverage our combined know-how in material science, product development, supply chain and manufacturing technologies across resin-based applications to integrate quickly and build a best-in-class organization.”

According to the release, the board of directors of RPC has unanimously recommended the superior offer by Berry. The proposed transaction, which is subject to closing conditions, is expected to close early in the third quarter of calendar year 2019.

Berry says it has secured a fully-committed debt financing package to fund the transaction and expects to generate approximately $150 million of annual cost synergies.

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