Disposal of Ipackchem to Sagard

Ipackchem designs and manufactures high performance and UN (United Nations) certified rigid plastic containers, enabling the transportation of products which permeability, contamination and evaporation constraints are critical. Those products aimed mainly at Agrochemical (crop protection) and Food (flavors & fragrances) industries. The in-house development of its online fluorination technology, as well as its unique industrial know-how, have allowed the group to become the undisputed European leader in the segment of containers of small capacity (below 20 litres) for Agrochemicals, and to build longstanding relationships with a customer portfolio including the international leading players. After having successively been part of several major industrial players, Ipackchem has accelerated its development since its spin-off from the Chesapeake group, led in 2014 by Cerea Capital and Bpifrance alongside the Group CEO, Jean-Philippe Morvan. With a historical presence in Europe, the acquisition of the South African company Quadro Plastics in 2015 and the opening of a new production site in Brazil in 2016 have given the Group a new dimension. The Group currently generates c. €60m of sales, of which 75% outside France, and exports its products mainly in Europe, South America, Africa and Russia. It now operates 5 production facilities (France, UK, Hungary, South Africa and Brazil) and employs c. 350 people. The management team, alongside Sagard, has the ambition to continue the Group’s sustained growth dynamic, notably through further international expansion.