Brookfield Business Partners has agreed to acquire a 75% stake in returnable plastic packaging systems firm Schoeller Allibert for €205m.
The founding Schoeller family will continue to hold the remaining 25% stake in Schoeller Allibert through Schoeller Group.
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The Schoeller Group, however, has an opportunity to increase its stake in the company.
Brookfield Business Partners CEO Cyrus Madon said: “An increased global focus on sustainability, waste reduction, e-commerce and logistics automation positions the returnable packaging sector for meaningful growth, so we are pleased to invest in Schoeller Allibert, which has built a highly regarded reputation in this space.
“We look forward to partnering closely with the management team and the Schoeller Group to bring our operational expertise and geographic reach to create further value and grow the business.”
Said to be one of Europe’s largest manufacturers of returnable plastic packaging systems, Schoeller Allibert offers more than 1,000 types of returnable plastic crates and containers for the agriculture, beverage, food processing and retail, industrial and automotive manufacturing sectors.
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By GlobalDataWith manufacturing facilities in Europe and the US, the company also produces foldable containers, rigid pallet containers, beverage crates, trays, stackable boxes and pallets.
Schoeller Group managing partners Martin and Christoph Schoeller said: “We look forward to an increased ability to grow the business organically through continued innovation as well as internationally, organically or through acquisitions, supported by Brookfield’s global presence, financial strength and expertise.”
