M&A Deal Summary

Greif Acquires Ipackchem

On October 31, 2023, Greif acquired packaging company Ipackchem from SK Capital Partners for 538M USD

Acquisition Highlights
  • This is Greif’s 5th transaction in the Packaging sector.
  • This is Greif’s 2nd largest (disclosed) transaction.
  • This is Greif’s 1st transaction in France.

M&A Deal Summary

Date 2023-10-31
Target Ipackchem
Sector Packaging
Buyer(s) Greif
Sellers(s) SK Capital Partners
Deal Type Divestiture
Deal Value 538M USD

Target

Ipackchem

Paris, France
Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

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Buyer(S) 1

Buyer

Greif

Delaware, Ohio, United States

Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.2B USD (2023)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. Greif was founded in 1877 and is based in Delaware, Ohio.


DEAL STATS #
Overall 11 of 11
Sector (Packaging) 5 of 5
Type (Divestiture) 2 of 2
Country (France) 1 of 1
Year (2023) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Reliance Products

Winnipeg, Manitoba, Canada

Reliance Products is a producer of barrier and conventional blow molded jerrycans and small plastic containers. Reliance Products was founded in 1958 and is based in Winnipeg, Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Delta Petroleum

Saint Rose, Louisiana, United States

Delta Petroleum blends lubricating oils, lubricant additives, viscosity modifiers, aircraft deicer fluids, and other glycol-based products, and drums, packages, stores, and manages logistics for major oil and specialty chemical companies. Delta Petroleum was founded in 1946 and is based in Saint Rose, Louisiana.

Sell -

Seller(S) 1

SELLER

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 13 of 14
Sector (Packaging) 1 of 1
Type (Divestiture) 3 of 3
Country (France) 1 of 1
Year (2023) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Venator Materials

Stockton-on-Tees, United Kingdom

Venator Materials is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator market products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. Venator Materials is based in Stockton-on-Tees, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Foremark Performance Chemicals

League City, Texas, United States

Foremark Performance Chemicals is a manufacturer and commercializes formaldehyde, urea-formaldehyde concentrate, and MEA Triazine. Foremark Performance Chemicals was founded in 1975 and is based in League City, Texas.

Sell -