Food packaging shake-up due as One51 seals deal

€201 million stake in Canadian packaging giant gives Irish producer access to North American market

5th July, 2015
Alan Walsh

Alan Walsh of One51, which this weekend reached agreement to acquire a 67 per cent stake in the €201 million-valued Canadian firm IPL, plans a radical shake-up in Ireland’s food packaging market.

Walsh described the deal as “transformational” for One51. He said it will increase its revenues from €276 million to €450 million by bringing it into the North American market.

IPL employs 800 people in Canada and the US state of...

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