Private equity firm Madison Dearborn completed the acquisition of IPL Plastics, a plastic and packaging solutions provider for $734m. “We have concluded that this transaction is in the best interests of IPLP and fair to our shareholders. With a view to maximizing shareholder value we conducted a thorough assessment of MDP’s proposal, as well as other alternatives reasonably available to the company, including the status quo. Following this comprehensive assessment and our extensive negotiations with MDP, we are pleased to have reached an agreement that provides immediate and fair value to shareholders and includes significant procedural safeguards that protect minority shareholders," Rose Hynes, ILP Plastics Chairman.