Food packaging shake-up due as One51 seals deal
€201 million stake in Canadian packaging giant gives Irish producer access to North American market
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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