PE-backed IPL Plastics files to go public in Canada
IPL Plastics plc, a Dublin-based packaging solutions provider, has filed a preliminary prospectus with Canadian securities regulators for an initial public offering of common shares. The offering has not yet been priced; however, the Irish Times earlier reported the company is looking to raise about $200 million (€125 million). IPL, formerly known as One51 plc, three years ago acquired Saint-Damien Québec-based IPL Inc, a maker of injected moulded plastic products, from Novacap for about $280 million. The company has since been backed by Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.
7 May 2018•1 min read
