The European Commission has cleared under the EU Merger Regulation the acquisition of sole control of the Dutch companies Schoeller Packaging B.V. and Schoeller Rental B.V. and the German company Schoeller Allibert GmbH (all together the „Schoeller Group“) by the US company Madison Dearborn Partners LLC.
The project primarily concerns the reusable packaging sector.
The Commission concluded that the notified operation does not give rise to competition concerns, as the combined market position of the companies is limited by the planned acquisition. The notified transaction was examined under the simplified merger control procedure.
End of April IPL, a manufacturer of hard plastic products, announced its merger with Schoeller Allibert, a manufacturer of reusable transport packaging.
IPL is already owned by investment funds that are managed by Madison Dearborn Partners, LLC („MDP“), a leading Chicago-based private equity firm, and CDPQ, a global investment group. Schoeller Allibert is owned by the private equity business of Brookfield Asset Management and the Schoeller family. The new company will be 55 per cent owned by existing IPL shareholders and 45 per cent owned by existing Schoeller Allibert shareholders.
The planned merger will create a International packaging manufacturer with 27 production sites in Europe, the UK and North America and a combined pro forma annual turnover of over USD 1.4 billion in 2024.
The closing of the transaction will for the third quarter of 2025 expected.
