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SK Capital Partners Closes Acquisition of IPACKCHEM
April 6, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 6, 2021
SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has completed its previously announced acquisition of IPACKCHEM Group SAS (“IPACKCHEM” or the “Company”), a leader in sustainability-oriented barrier packaging.
Founded in 1987 by Jean-Philippe Morvan as a division of Air Products Group, IPACKCHEM is a leading global supplier of innovative and specialized barrier packaging solutions. IPACKCHEM’s leading market positions in the Crop Protection and Specialty Chemical markets are further underscored by its commitment to providing 100% recyclable plastic barrier packaging. IPACKCHEM is headquartered in Paris, with global operations spanning seven countries and four continents.
Private equity firm buys French blow molder Ipackchem
Plastics News Report
Ipackchem
Ipackchem employs about 800 people and generates annual sales of more than 120 million euros ($145.3 million). It has eight factories.
Paris Ipackchem SAS, a Paris-based blow molder that specializes in barrier containers, will soon have a new owner.
New York-based private equity firm SK Capital Partners LP announced Dec. 10 that it has entered into exclusive negotiations to buy Ipackchem from French private investment firm Sagard Holdings ULC.
Ipackchem employs about 800 people and generates annual sales of more than 120 million euros ($145.3 million). It has eight factories, in Saint-Etienne, France; Crewe, England; Peremarton, Hungary; Paulinia, Brazil; Randburg, South Africa; Kirovo-Chepetsk, Russia; and Kunshan and Tianjin, China.