Ireland-based rigid plastics manufacturer One Fifty One (One51), through its subsidiary IPL, has agreed to purchase rigid plastic bulk bins producer Macro Plastics for $150m.

Based in the US, Macro currently operates three manufacturing facilities in California, Washington, and Kentucky, and provides rigid plastic bulk packaging solutions to the agricultural and automotive sectors.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

One51 plans to finance the planned deal through a combination of IPL senior debt facilities and additional equity from the IPL shareholders.

Bank facilities for the proposed acquisition are provided by a syndicate of nine financial institutions with National Bank of Canada acting as lead arranger.

Subject to US regulatory clearance, the deal is expected to be closed by next month, following which, Macro will be integrated with One51 subsidiaries, IPL and OnePlastics Group (OPG).

See Also:

"This transformational acquisition gives us our first significant presence on the west coast of America, providing us with a leading position in a number of growing market segments."

One Fifty One group chief executive Alan Walsh said: “This transformational acquisition gives us our first significant presence on the west coast of America, providing us with a leading position in a number of growing market segments.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The acquisition also expands our geographic reach, product portfolio and customer base across the growing North and South-American markets.

"The integration of Macro with IPL and OnePlastics Group (OPG) will make One51 a significant player in the global rigid-packaging container market.

“We welcome Warren MacDonald and his team in Macro to the wider One51 Group and we look forward to working closely with them in the years ahead.”

One51 also noted that the proposed acquisition would enable the company to expand its existing sales and distribution infrastructure in new markets.