The merger will expand the companies’ presence to 27 locations across Europe, the UK and North America.
The new company will be 55% owned by the existing IPL shareholders and 45% owned by the existing Schoeller Allibert shareholders.
Dublin-based IPL focuses on the manufacturing of rigid-plastic products for the food, consumer, environmental and agriculture sectors.
It has approximately 2,500 employees across 16 manufacturing sites and had a reported revenue of US$822 million in 2024.
It is owned by investment funds managed by Madison Dearborn Partners and CDPQ.
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 skillsets of both companies to build a strong, resilient foundation for growth.”
Schoeller Allibert manufactures returnable transport packaging and serves multiple sectors including automotive, beverage, food, pharmaceuticals, cosmetics, retail, and material handling.
Most of its business is based in continental Europe with its headquarters in Hoofddorp, the Netherlands.
It employs approximately 1,600 people across 11 production locations and had revenue of €550 million in 2024.
Schoeller Allibert is owned by Brookfield Asset Management’s private equity business and the Schoeller family.
Its 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.”
The transaction is expected to close in the third quarter 2025, subject to customary closing conditions.
Evercore and BMO Capital Markets are serving as financial advisors to IPL.
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