One Fifty One plc (“One51” or “the Group”), a leading rigid plastics manufacturer for the packaging, environmental containers and industrial products sectors, has agreed to acquire the entire share capital of Macro Plastics Inc. (“Macro”), through its subsidiary IPL Inc. (“IPL”) for a total Enterprise Value of US$ 150m.
Headquartered in Fairfield, California,Macro, the largest manufacturer of rigid plastic bulk bins worldwide and a market leader in providing value-added rigid plastic bulk packaging solutions to the agricultural and automotive sectors, operates some of the largest bulk machines in North America with three manufacturing facilities in California, Washington and Kentucky and dedicated design and testing capabilities together with an established international sales network.
“This transformational acquisition gives us our first significant presence on the west coast of America, providing us with a leading position in a number of growing market segments. The acquisition also expands our geographic reach, product portfolio and customer base across the growing North and South-American markets. The integration of Macro with IPL and OnePlastics Group (OPG) will make One51 a significant player in the global rigid-packaging container market. We welcome Warren MacDonald and his team in Macro to the wider One51 Group and we look forward to working closely with them in the years ahead”, said, Walsh, GroupChief Executive, One51.
Headquartered in Dublin, Ireland, One51, a leading rigid plastics manufacturer for the packaging, environmental containers, and industrial products sectors, operates from multiple production facilities in Ireland, the UK, North America and China.
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.
Macro, founded in 1989, operates three manufacturing facilities in the United States – Fairfield, California; Union Gap, Washington, and Shelbyville, Kentucky – together with an established international sales network. Macro is the largest manufacturer of rigid plastic bulk bins worldwide and is a market leader in value-added rigid plastic bulk packaging solutions to the agricultural and automotive sectors.