Add-on Acquisition • Plastics

IPL Plastics Acquires Thormac Engineering

On January 1, 2007, IPL Plastics acquired plastics company Thormac Engineering

Acquisition Context
  • This is IPL Plastics’ 2nd transaction in the Plastics sector.
  • This is IPL Plastics’ 6th transaction in Ireland.

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M&A Deal Summary

Date January 1, 2007
Target Thormac Engineering
Sector Plastics
Buyer(s) IPL Plastics
Deal Type Add-on Acquisition

Target Company

Thormac Engineering

Shannon, Ireland
Thormac Engineering is an injection moulding business which is part of the IPL Environmental Services Division. Thormac Engineering is one of several speciality plastics companies based both in Ireland and the UK.
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Buyer Overview 1

Buyer

IPL Plastics

Dublin, Ireland

Category Company
Founded 1939
Sector Packaging
Employees2,000
Revenue 605M USD (2019)
DESCRIPTION

IPL Plastics is a sustainable packaging solutions provider primarily in the food and consumer, agricultural, logistics and environmental end-markets operating from multiple production facilities in Canada, the U.S., the U.K., Ireland, China and Mexico. IPL Plastics was founded in 1939 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 6 of 12
Sector: Plastics 2 of 3
Type: Add-on Acquisition 4 of 10
Country: Ireland 6 of 9
Year: 2007 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Irish Continental Group

Dublin, Ireland

Irish Continental Group is a ferry operator between Ireland, the UK and France. Under the Irish Ferries brand, ICG owns and operates a fleet of ferries carrying passengers, cars and Roll-On Roll-Off freight. The company also offers travellers inclusive package holidays. Irish Continental Group was founded in 1972 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-15 MGB Plastics

South Yorkshire, United Kingdom

MGB Plastics Limited (Formerly Titan Plastech) operating from a modern manufacturing facility in Rotherham, MGB Plastics has the capacity to manufacture in excess of 1 million wheeled bins per annum. In addition to manufacturing wheeled bins and kitchen caddies, we also have a dedicated "in-house" distribution team that have been responsible for the delivery of in excess of 4 million wheeled bins to households throughout the UK.

Buy -

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