Dublin-headquartered environmental services group, One51, has agreed to acquire a majority stake in Canadian plastics company IPL for €201 million.
As well increasing group revenue from €276 million to €450 million, the acquisition will significantly increase One51’s international reach.
One51 group chief executive Alan Walsh said IPL gives the company access to significant new markets.
“This is a transformational deal for One51 but it’s not just about scale; it’s about strategic fit,” he said.
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The acquisition, which is expected to close by the end of July, will be financed by a mixture of debt and equity.
