Brookfield to buy 75 pct stake in Schoeller Allibert for $310 mln
The private equity group of Brookfield Asset Management has agreed to acquire a 75 percent interest in Schoeller Allibert Group BV, a Dutch designer and maker of returnable plastic packaging systems. The stake is being acquired from JPMorgan Chase & Co for about $310 million (€205 million). Brookfield is partnering with Schoeller Allibert's founder, the Schoeller family, which will continue to hold a 25 percent interest. Cyrus Madon, CEO of Brookfield Business Partners, said an "increased global focus on sustainability, waste reduction, e-commerce and logistics automation" positions the returnable packaging industry and the company for "meaningful growth."
5 January 2018•4 mins read
