“The wide range of products RPC supplies covers many different sectors which provides good diversity and exposure to a number of consumer markets. Whilst it may not be a well-known brand for investors, the names it supplies plastic packaging to certainly are, including Nivea cream and Dulux paint. The company has a strong, consistent dividend policy which has seen payments to shareholders rise every year for the past 21 years, with a further 12 per cent expected this year.

“Investors will be interested to hear the recent acquisitions in the UK, Europe and China are all performing well, with integration on track. Although debt levels are relatively high for the sector, since our buy recommendation at the beginning of the month, RPC’s earnings and sales forecasts for the current year have increased.

“The group’s recent move into the fast growing Asian markets, the streamlining of its European operations and strong dividend policy are all attractive for investors looking for a mixture of income and growth. We continue to recommend RPC as a ‘buy’ for medium risk investors seeking a balanced investment.”