IPL, Schoeller Allibert merge to create US$1.4B sustainable packaging powerhouse

IRELAND – IPL Global, a leading manufacturer of rigid plastic products, has announced a strategic merger with Schoeller Allibert, a Netherlands-based specialist in reusable transport packaging.

The move will form a new global packaging entity valued at over US$1.4 billion, combining strengths across reusable and rigid plastic solutions with a strong focus on sustainability.

Under the agreement, IPL’s existing shareholders will hold a 55% stake in the newly formed group, while Schoeller Allibert’s shareholders will retain the remaining 45%.

The merged company will be headquartered in Dublin and led by IPL CEO Alan Walsh, with the transaction expected to close in Q3 2025, pending regulatory approvals.

Walsh said, “The future of packaging lies in sustainability, innovation, and adaptability. This merger enables us to unite our complementary capabilities across continents, enhance our customer service, and build a stronger foundation for long-term growth.”

The combined business will operate 27 manufacturing sites across North America, the UK, and mainland Europe, employing more than 4,000 people.

IPL, with 16 sites and revenue of US$822 million in 2024, focuses on rigid plastic packaging for food, environmental, agricultural, and consumer markets—primarily in North America.

Schoeller Allibert, meanwhile, operates 11 plants, generated €550 million (US$621 million) in 2024 revenue, and is known for reusable transport packaging across industries such as automotive, retail, and healthcare.

Schoeller Allibert CEO Alejandro Cabal Uribe commented, “This merger brings together two industry leaders at a time when demand for sustainable solutions is surging.

“Our combined expertise will enable us to support evolving regulatory requirements and deliver innovative, circular packaging systems to global clients.”

Ownership of the new group will include Madison Dearborn Partners and CDPQ on IPL’s side, while Brookfield Asset Management and the Schoeller family back Schoeller Allibert.

The deal reflects a growing consolidation trend in the packaging industry. It follows Amcor’s recent merger with Berry Global, creating one of the world’s most diversified packaging giants.

That integration is expected to generate US$650 million in synergies by FY28, strengthening Amcor’s material science capabilities and expanding its footprint across consumer and healthcare markets.

Together, these mergers signal a transformative moment in the packaging industry, driven by sustainability, innovation, and the need for global scale.

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