Today, IPACKCHEM Group (“IPACKCHEM”) introduced it has acquired a majority stake in TPG Plastics LLC (“TPG”), a number one producer of engineered plastic blow molded merchandise, to carry IPACKCHEM’s Advanced In-Mold Fluorination expertise (“Advanced IMF”) to North America, with an preliminary give attention to the crop safety marketplace for the 2023-24 rising season.
Founded in 1987, IPACKCHEM is a number one world provider of modern and specialised barrier packaging options that service the crop safety and specialty chemical compounds finish markets. IPACKCHEM’s main market positions are additional underscored by its robust sustainability orientation and 100% recyclable plastic barrier packaging. It at present has amenities throughout Europe, the UK, China, India, Brazil, and South Africa.
From its state-of-the artwork manufacturing facility in Murray, Kentucky, TPG is a premier provider of transportable gas containers and engineered blow molded merchandise. TPG has business main experience within the extremely regulated transportable gas container market and its merchandise use patented flame mitigation and dishing out expertise to guarantee the best ranges of product security.
JP Morvan, founder and CEO of IPACKCHEM, commented, “We are extremely excited to partner with TPG Plastics, which has established a high-quality business, and look forward to producing our Advanced IMF barrier packaging in their world-class plant ideally located in Murray. This transaction is an important step for IPACKCHEM to deliver on our promise to serve our international customers from a truly global manufacturing footprint. We plan to supply the North American crop protection market as of the 2023-2024 season, while continuing to expand TPG’s existing customer base. IPACKCHEM’s presence in Murray will also open opportunities to expand our offering to other customers in Life Enhancing Chemical segments, including those we currently serve on other continents.”
IPACKCHEM plans to make important near-term investments to carry its Advanced IMF to North America and add significant incremental capability at TPG to assist growth.
Saquib Toor, Founding Partner of Beaconhouse Capital Management, majority proprietor of TPG stated, “IPACKCHEM is the ideal partner for TPG to support its next phase of growth. We are excited by JP’s commitment to not only grow TPG’s existing customer base and end-markets, but also to invest in our Murray facility to launch IPACKCHEM’s innovative barrier technology to North America to serve the attractive crop protection market. The TPG management team looks forward to working with IPACKCHEM to bring this vision to fruition.”
Stephen d’Incelli, Managing Director at SK Capital Partners, added, “When we partnered with JP and the IPACKCHEM group, we have been excited concerning the distinctive alternative to leverage their best-in-class barrier expertise to assist the corporate’s continued world growth. Following IPACKCHEM’s 2021 acquisition in India, this partnership with TPG represents a important step in attaining this goal within the extremely engaging North American market.”
Headquartered in Paris, France, IPACKCHEM is a number one world producer of modern inflexible plastic packaging merchandise (containers, bottles, jerrycans) for crop safety and different key market segments together with pharmaceutical, animal well being, laboratory and flavors & fragrances.
The Company’s protected, safe and sustainable UN-approved, packaging options allow customers to safely transport and distribute “hard-to-hold” and unsafe chemical compounds whereas adhering to stringent rules. IPACKCHEM at present operates by 11 manufacturing amenities, employs ~1,300 folks and serves ~1,200 clients in 35 nations. IPACKCHEM carries an EcoVadis Platinum ranking.
For extra data, please go to www.ipackchem.com.
About SK Capital Partners
SK Capital Partners is a non-public funding agency with a disciplined give attention to the specialty supplies, specialty chemical compounds, and prescription drugs sectors. SK Capital’s portfolio of companies generates revenues of roughly $16 billion yearly, employs greater than 20,000 folks globally and operates 203 vegetation in 32 nations. The agency at present has roughly $6.6 billion of property beneath administration.
About Beaconhouse Capital Management
Beaconhouse is a non-public funding agency targeted on transformational fairness investments within the decrease center market. Its traders embody prestigious college endowments, household places of work and business main executives.