Commercial law firm Maclay Murray & Spens LLP (MMS) is advising BPI on its proposed recommended £261m takeover by RPC Group, which was announced yesterday.
Polythene films producer BPI supplies approximately 275,000 tonnes per annum throughout Europe.
It is also one of the largest recyclers of waste polythene film in Europe, having developed recycling techniques for processing a diverse range of scrap materials ranging from packaging waste to post-use agricultural waste.
MMS partner Brian Moore, who leads the firm’s BPI team, said: “This is perhaps the highest profile corporate deal of the year so far in Scotland. The proposed transaction will be transformational for both parties. It will give BPI the opportunity to expand and grow its business globally as part of a much larger corporate group, and RPC an established platform in the European polythene films market.”
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