May 1 Plastic-packaging maker RPC Group Plc
said it would buy Hong Kong-based ACE Corporation
Holdings Ltd for as much as $430 million.
RPC, which makes packaging for Nivea beauty products and
Nescafe Dolce Gusto coffee-machine capsules, said it would pay
an initial sum of $301 million for ACE, which also makes plastic
RPC will pay up to an additional $129 million should ACE
meet a specified growth target over the four years ending Dec.
(Reporting by Tasim Zahid in Bangalore; Editing by Robin