# RPC Group acquires Letica Corp. to expand US footprint

RPC Group has acquired Letica Corp., which makes injection-molded and thermoformed containers, packaging and paper products for end markets including food service. The deal value is not stated in this article.

- Type: Acquisition
- Announced: 2017-02-09
- Where: Rochester, United States
- Value: $640.0M
- Status: completed
- Products: injection-molded containers, thermoformed containers, packaging, paper products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [RPC](https://endata.com/companies/581.md) (acquirer)
- [Letica Corp.](https://endata.com/companies/916.md) (target)

## Sources

- [plasticsnews.com](https://www.plasticsnews.com/article/20170209/NEWS/302099999/letica-purchase-adds-to-rpc-group-s-us-footprint/), 2017-02-09: "Letica Corp. has injection molding, thermoforming and paper production, making containers and packaging for a range of end markets, including food service."
- [crainsdetroit.com](https://www.crainsdetroit.com/article/20170209/NEWS/170209805/rpc-buys-rochester-based-letica-in-deal-valued-at-640-million/), 2017-02-09: "RPC buys Rochester-based Letica in deal valued at $640 million"
- [packaging-gateway.com](https://www.packaging-gateway.com/news/rpc-to-acquire-rigid-plastic-packaging-provider-letica-group-for-640m-5738341/), 2017-02-12: "RPC will pay $490m upfront, as well as an additional $150m after it has met certain EBITDA targets over a two-year period."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/24), 2017-03-29: "RPC Group has snapped up US thermoforming packaging business Letica Group, in a £391m deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.