The acquisition of Macro Plastics for US$150m (circa 7.9x forecast 2017 EBITDA), through its IPL subsidiary, represents another significant step forward for One51. Macro is a leading global manufacturer of rigid plastic bulk bins and in the provision of rigid plastic bulk packaging solutions to the agricultural and automotive sectors. It extends One51’s geographic reach and product portfolio in North America and will complement IPL’s existing operations. The transaction is expected to close by mid-June and to be earnings enhancing from this year.
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