Latest news with #SchoellerAllibert
Yahoo
02-05-2025
- Business
- Yahoo
IPL and Schoeller Allibert join forces to form $1.4bn packaging company
IPL, a manufacturer of rigid plastic products, and Schoeller Allibert, a manufacturer of reusable transport packaging, have announced a merger that will create a global company focused on reusable plastic packaging. IPL's existing shareholders will own a 55% stake in the newly formed company while the remaining 45% stake will be held by the existing Schoeller Allibert shareholders. IPL CEO Alan Walsh said: 'The future of packaging lies in sustainability, innovation and adaptability. This merger will allow IPL and Schoeller Allibert to combine our strengths on both sides of the Atlantic to meet that future together. 'With an unwavering commitment to innovation, we'll not only enhance the way we serve our customers but also optimise the skill sets of both companies to build a strong, resilient foundation for growth.' The combined business will operate 27 manufacturing sites across North America, the UK, and mainland Europe, with a combined pro-forma annual revenue of over $1.4bn in 2024. IPL, based in Dublin, Republic of Ireland, produces rigid plastic items primarily used in food, environmental, agricultural, and consumer applications. The company operates 16 sites and employs around 2,500 people, with much of its business concentrated in North America. Its revenue for 2024 was reported at $822m. On the other hand, Schoeller Allibert, headquartered in Hoofddorp, Netherlands, specialises in returnable transport packaging for sectors such as automotive, retail, food, and healthcare. Its operations are mainly based in continental Europe, with 11 production facilities and roughly 1,600 employees. The company recorded revenue of €550m ($621m) in 2024. The newly merged entity will be based in Dublin and led by IPL's Walsh. Completion of the transaction is targeted for the third quarter (Q3) of 2025, subject to regulatory and customary approvals. No additional terms of the agreement were disclosed. US-based private equity company Madison Dearborn Partners and global investment group CDPQ own IPL. Meanwhile, Brookfield Asset Management's private equity business and the Schoeller family own Schoeller Allibert. Schoeller Allibert CEO Alejandro Cabal Uribe said: 'Our combined strength in packaging solutions is well-positioned to benefit from the tailwinds for the sector, driven by corporate sustainability ambitions and evolving regulations to improve value chains and reduce the environmental impact of packaging waste. 'We look forward to together delivering leading customer service and innovative global solutions.' "IPL and Schoeller Allibert join forces to form $1.4bn packaging company" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
01-05-2025
- Business
- Yahoo
IPL and Schoeller Allibert join forces to form $1.4bn packaging company
IPL, a manufacturer of rigid plastic products, and Schoeller Allibert, a manufacturer of reusable transport packaging, have announced a merger that will create a global company focused on reusable plastic packaging. IPL's existing shareholders will own a 55% stake in the newly formed company while the remaining 45% stake will be held by the existing Schoeller Allibert shareholders. IPL CEO Alan Walsh said: 'The future of packaging lies in sustainability, innovation and adaptability. This merger will allow IPL and Schoeller Allibert to combine our strengths on both sides of the Atlantic to meet that future together. 'With an unwavering commitment to innovation, we'll not only enhance the way we serve our customers but also optimise the skill sets of both companies to build a strong, resilient foundation for growth.' The combined business will operate 27 manufacturing sites across North America, the UK, and mainland Europe, with a combined pro-forma annual revenue of over $1.4bn in 2024. IPL, based in Dublin, Republic of Ireland, produces rigid plastic items primarily used in food, environmental, agricultural, and consumer applications. The company operates 16 sites and employs around 2,500 people, with much of its business concentrated in North America. Its revenue for 2024 was reported at $822m. On the other hand, Schoeller Allibert, headquartered in Hoofddorp, Netherlands, specialises in returnable transport packaging for sectors such as automotive, retail, food, and healthcare. Its operations are mainly based in continental Europe, with 11 production facilities and roughly 1,600 employees. The company recorded revenue of €550m ($621m) in 2024. The newly merged entity will be based in Dublin and led by IPL's Walsh. Completion of the transaction is targeted for the third quarter (Q3) of 2025, subject to regulatory and customary approvals. No additional terms of the agreement were disclosed. US-based private equity company Madison Dearborn Partners and global investment group CDPQ own IPL. Meanwhile, Brookfield Asset Management's private equity business and the Schoeller family own Schoeller Allibert. Schoeller Allibert CEO Alejandro Cabal Uribe said: 'Our combined strength in packaging solutions is well-positioned to benefit from the tailwinds for the sector, driven by corporate sustainability ambitions and evolving regulations to improve value chains and reduce the environmental impact of packaging waste. 'We look forward to together delivering leading customer service and innovative global solutions.' "IPL and Schoeller Allibert join forces to form $1.4bn packaging company" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Irish Post
30-04-2025
- Business
- Irish Post
Dublin-based plastics firm IPL announces merger with Dutch company
IPL, a leading plastics manufacturer and packing provider based in Dublin, has announced it is to merge with Dutch firm Schoeller Allibert. The merger will see the creation of an international sustainable packaging producer that boasted a combined pro forma annual revenue of more than US $1.4bn in 2024. The deal is expected to be finalised in the third quarter of this year, with the merged company headquartered in Dublin and led by current IPL CEO Alan Walsh. "The future of packaging lies in sustainability, innovation and adaptability," said Mr Walsh on today's announcement. "This merger will allow IPL and Schoeller Allibert to combine our strengths on both sides of the Atlantic to meet that future together." "With an unwavering commitment to innovation, we will not only enhance the way we serve our customers but also optimise the skillsets of both companies to build a strong, resilient foundation for growth." Merger IPL manufactures customised injection-moulded and blow-moulded packaging and rigid containers for food, consumer, agriculture, automotive, logistics and environmental markets. It is one of the largest packaging solutions providers in North America and Britain. Headquartered in the Irish capital, IPL has 16 manufacturing facilities in Canada, the US, Britain and Belgium, including two product-development facilities in the US and Britain. It has approximately 2,500 employees and had a global turnover of US $822m in 2024. Schoeller Allibert manufactures returnable transport packaging and provides related services. It serves customers across sectors such as automotive, beverage, food, pharmaceuticals, cosmetics, retail and material handling, primarily in Continental Europe. Headquartered in Hoofddorp, the Netherlands, it has approximately 1,600 employees across 11 production locations and had revenue of €550m in 2024. The merged company will have a manufacturing footprint in 27 locations across Europe, Britain and North America. "Our combined strength in packaging solutions is well-positioned to benefit from the tailwinds for the sector, driven by corporate sustainability ambitions and evolving regulations to improve value chains and reduce the environmental impact of packaging waste," said Schoeller Allibert CEO Alejandro Cabal Uribe. "We look forward to together delivering leading customer service and innovative global solutions."
Irish Independent
30-04-2025
- Business
- Irish Independent
Dublin-based plastics firm IPL and Dutch peer to merge
IPL makes customised plastic packaging and rigid containers for food, consumer, agriculture, automotive, logistics and environmental markets, mainly in North America. It generated revenue of $822m last year and has significant manufacturing operations in the UK. It employs about 2,500 people across 16 manufacturing sites. Schoeller Allibert, which has about 1,600 employees, makes returnable transport packaging and provides related services. Its customers are primarily in sectors such as beverages, food, automotive, pharmaceuticals, cosmetics, retail and material handling. They're based mainly in continental Europe. The company generated revenue of $550m last year. IPL is owned by investment funds managed by US-based private equity giant Madison Dearborn Partners, and Caisse de dépôt et placement du Québec (CDPQ). Schoeller Allibert is owned by Brookfield Asset Management's private equity business and the Schoeller family. The new company will be 55pc-owned by the existing IPL shareholders and 45pc-owned by the existing Schoeller Allibert shareholders. The merged group will be based in Dublin and be headed by IPL chief executive Alan Walsh. 'The future of packaging lies in sustainability, innovation and adaptability,' he said. 'This merger will allow IPL and Schoeller Allibert to combine our strengths on both sides of the Atlantic to meet that future together.' IPL was formerly known as One51. It was sold for €354m to Madison Dearborn in 2020, having listed on the Toronto stock exchange in 2018. ADVERTISEMENT At the time, its shareholders included about 2,000 individual farmers and investors, as well as agricultural co-ops including Kerry, Glanbia, Lakeland and Dairygold. They had held stock in the company since it was spun out of IAWS as One51. One51 emerged out of the IAWS group of companies as an investment firm but entered the plastics business in 2006 when it acquired Protech Plastics. Its €200m purchase of a 67pc stake in Canadian firm IPL in July 2015 was transformational, shifting it from a mixed investment vehicle to a straightforward plastics company. In 2017, CDPQ and a number of other large IPL shareholders swapped their shares in the Canadian company for shares in One51, which changed its name to IPL Plastics. Businessman Dermot Desmond sold his almost 23pc stake to CDPQ the same year in a deal valued at the time at around €65m.
Irish Times
30-04-2025
- Business
- Irish Times
IPL to merge with Dutch peer to great group with €1.2bn sales
IPL, the Dublin-based maker of rigid-plastic products, said on Wednesday that it is merging with Dutch peer Schoeller Allibert to create a group with annual sales of over $1.4 billion (€1.2 billion). Shareholders in the Irish company, which is controlled US private equity giant Madison Dearborn Partners, will own 55 per cent the combined entity. Investors in Schoeller Allibert, which is owned by Canadian investment group Brookfield, will take the rest. A spokesman for IPL declined to comment on the value of the deal. Madison Dearborn, which acquired IPL Plastics off the Toronto stock market in 2020 for at an enterprise value of $736 million and has backed the business in carrying out follow-on deals, hired investment bankers at Evercore and BMO a year ago to run a sales process. Brookfield was reported last September to have submitted a bid for the business, which was reported at the time to have a value of as much as $1.5 billion. READ MORE IPL Plastics, whose products span from food containers to wheeled bins, was once known as One51. It has been led for the past 14 years by chief executive Alan Walsh, who is also on track to become the head of the merged entity. That company was set up in 2005 as an investment business spun out of food and agri group IAWS (now Aryzta), and initially held a diverse range of assets from a stake in infrastructure company NTR to Irish Pride Bakers. Mr Walsh has spent his first six years at the helm unravelling the group's collection of disparate investments, including a major stake in ferries operator Irish Continental Group, to turn it into a focused rigid plastics company. In June 2018, the group, by then renamed as IPL Plastics, floated in Canada. The sale to Madison Dearborn in 2020 saw legacy Irish investors from One51's early days, including farmers, dairy co-operatives and high-net-worth individuals, exit. However, major shareholder Caisse de Dépôt et Placement du Québec rolled almost 25 percentage points of its then 27 per cent stake into the Madison Dearborn deal in 2020. IPL mainly manufactures sustainable, rigid-plastic products for the food, consumer, environmental and agriculture sectors, largely in North America, with significant manufacturing operations in the UK. It has about 2,500 employees across 16 manufacturing sites and reported revenue of $822 million in 2024. Schoeller Allibert manufactures returnable transport packaging, including bulk containers and plastic pallets, serving customers across sectors such as automotive, beverage, food, pharmaceuticals, cosmetics, retail, and material handling, primarily in continental Europe. Headquartered in Hoofddorp, the Netherlands, it has approximately 1,600 employees across 11 production locations and had revenue of €550 million in 2024. 'The future of packaging lies in sustainability, innovation and adaptability. This merger will allow IPL and Schoeller Allibert to combine our strengths on both sides of the Atlantic to meet that future together,' said Mr Walsh. 'With an unwavering commitment to innovation, we will not only enhance the way we serve our customers but also optimise the skillsets of both companies to build a strong, resilient foundation for growth.'
