RPC Group has said that it is 'finalising preparations to mitigate any disruption' from the UK's exit from the European Union, with the Rushden-based business stockpiling at its manufacturing sites to prevent issues emerging post March 29th.
The group, which is the subject of a bidding war between Apollo Global and Berry Global, said that its third quarter revenues were £894 million (€1.02 billion), reflecting organic growth of 1.4%. Organic growth for the first three quarters, to 31 December, was 2.6%.
During the third quarter, the business completed the disposal of its spirits closures business at Bridge of Allen, Scotland, to a subsidiary of Guala Closures.
'The Group's operating profit from continuing operations (before adjusting items) in the third quarter was similar to the corresponding period last year,' it said in a statement.
'Whilst polymer price changes continue to be passed-through to the customer base, the time lag in doing so resulted in the Group continuing to experience a temporary headwind which totalled £10m at the end of the first six months of the year.'
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.
