Caisse, Fonds de solidarité FTQ back IPL's buy of Macro Plastics
IPL Inc has acquired Macro Plastics Inc, a Fairfield, California manufacturer of rigid plastic bulk bins, for US$150 million. The acquisition was funded through a combination of IPL's senior bank facilities and additional equity from parent company One51 and backers Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ. Saint-Damien Québec-based IPL, a manufacturer of injected moulded plastic products, said the deal will expand its geographic reach, product portfolio and customer base. Ireland’s One51 acquired IPL two years ago from Canadian private equity firm Novacap for about $280 million.
23 May 2017•5 mins read
