ACE

According to media sources, RPC Group, an international rigid plastic packaging supplier, is acquiring the large Chinese injection moulding firm ACE Corp. Holdings Ltd. The deal, worth up to $430 million, will be RPC’s first manufacturing presence in Asia and one which the company hopes to be able to use as a platform to make further acquisitions. Currently 94% of RPC’s $1.76 billion sales are in Europe, but the company …