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You are here: Home / Announcements / ARC Group Worldwide Closes Business Combination with RM2

ARC Group Worldwide Closes Business Combination with RM2

February 3, 2022 By Rick LeBlanc

RM2

Orlando, FL. ARC Group Worldwide, Inc. has announced the completion of the sale of its legacy assets and the closing of its business combination with RM2 International S.A. (“RM2”) on February 1, 2022.

RM2 International S.A., a Luxembourg corporation, is the owner and operator of the BLOCKPal, a technologically advanced, hygienic, ESG friendly, composite pallet that is leased to a Tier 1 customer base. RM2 provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) IoT technology for pallet traceability, delivering real-time actionable insights and powerful data to improve the supply chain visibility to the manufacturing and distribution businesses it serves.

RM2 launched the smart reusable pallet revolution by embedding autonomous IoT sensor technology in its pallets.  The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance.

“We are thrilled to announce the completion of the RM2 business combination with ARC and advance to the next stage of our production and deployment,” Ian Molson, Chairman of RM2, noted at the Closing.  “We believe ARC provides RM2 with a significant platform for expansive growth and market adoption of our cutting-edge technologies, with the potential to create major disruptive efficiencies across logistics systems and supply chains worldwide.”

The majority shareholders of RM2 have exchanged their shares in RM2 for newly issued shares in ARC. Approximately 1.6% of RM2 shares remain issued and outstanding among widely dispersed shareholders and the Company plans to exchange these shares for shares in ARC as soon as reasonably feasible.   Capital from ARC and four other institutional investors will enable RM2 to increase its pallet pool and service the unmet demand of its customers.

The principal shareholders of ARC now include Richard Cashin (the president of One Equity Partners LLC), QRM2 Holdings Ltd., (an entity controlled by the Quasha family), Polygon Global Partners, LLP (a global investment firm), PMB Invest Fund I SCSp and R. Ian Molson (a private investor).

Ownership has initiated procedures to change the name of the Company to “RM2 International, Inc.”  The name change is expected to become effective on or about February 15, 2022.

For more information, visit https://www.rm2.com/.

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