The consolidation on the supply side of the beauty industry continues into 2019, with US-based private equity firm Apollo Global Management acquiring UK packaging giant RPC Group for £3.32bn (€3.8bn) in a cash deal. RPC shareholders will receive £7.82 in cash per share and will be entitled to a 8.1 pence dividend set to be paid on Friday, 25 January.

Founded in 1991 with 5 manufacturing sites, RPC is the largest packaging manufacturer in Europe today, operating in 33 countries and employing approximately 25,000 people and working across the personal care and food and beverage sectors.

Read more on the transaction on Reuters.