Industry Press Releases

Deloitte Corporate Finance LLC Advises Macro Plastics, Inc. in Sale to IPL Inc., a Subsidiary of One51 plc

Thursday, Jul 27, 2017
Pressreleases

Deloitte Corporate Finance LLC acted as exclusive financial advisor to Fairfield, California-based Macro Plastics, Inc. (Macro Plastics or the Company), a leading provider of rigid plastic bulk packaging solutions, in its sale to IPL Inc. (IPL), a leading North American manufacturer of injection molded products. The acquisition closed in June 2017.

IPL, a subsidiary of Ireland-based rigid packaging manufacturer One Fifty One plc (One51), acquired 100 percent of the share capital of Macro Plastics in a transaction valued at $150 million.

"We are excited to begin a strong partnership with IPL and the One51 group," said Warren MacDonald, chief executive officer, Macro Plastics, Inc. "The combination will further Macro Plastics' strategy of expanding our presence in major global markets while continuing to enhance our value-added product offering."

"We have been fortunate to have a long relationship with Macro Plastics," said Will Frame, managing director, Deloitte Corporate Finance LLC. "This acquisition illustrates yet another example of strong interest in high performing U.S. packaging assets by international strategic buyers."

About Macro Plastics

Founded in 1989, Macro Plastics is one of the largest privately-owned manufacturer of plastic bulk bins worldwide. The Company is a market leader in value-added plastic bulk packaging solutions for agricultural, food processing, industrial and automotive applications. Headquartered in Fairfield, CA, Macro Plastics operates three high quality manufacturing facilities in California, Washington, and Kentucky, and has established a robust international sales and distribution network. The Company boasts an innovative portfolio of specialized injection molded products used in a variety of niche markets in the U.S. and Latin America. For further information please visit www.macroplastics.com.

About One51

One51 is a leading rigid plastics manufacturer for the packaging, environmental containers and industrial products sectors operating from multiple production facilities in Ireland, the UK, North America and China. One51 employs c. 1,600 people and is headquartered in Dublin, Ireland.

About IPL

Established in 1939, IPL is a leading North American manufacturer of injected moulded plastic products. Operating from six manufacturing plants located in Saint Damien (Canada), Edmundston (Canada), Missouri (USA), Ohio (USA), Georgia (USA) and Minnesota (USA), IPL designs and manufactures products for the food and bulk packaging, environment and material handling sectors in Canada and the United States. One51 holds a 67% majority shareholding in IPL together with its partners Caisse de dépôt et placement du Québec ("CDPQ") and Fonds de Solidarité des travailleurs du Québec (FSTQ) who each hold 22% and 11% respectively.

About Deloitte Corporate Finance LLC

Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.

For media inquiries, please contact:

Shelley Pfaendler
Public Relations
Deloitte
+1 212 492 4484
spfaendler@deloitte.com

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

 

Source:prnewswire.com

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