SK Capital Partners, a private investment firm, completed the acquisition of Ipackchem, a producer and distributor of plastic packaging products, from Sagard, a French private investment firm, for $138m. "The transaction is a testament to SK’s ability to leverage our global platform to identify leading materials technologies businesses with immense commercial applications. We believe IPACKCHEM is a highly differentiated and sustainability-advantaged business with significant growth potential. We’ve been tremendously impressed by Jean-Philippe and the entire IPACKCHEM management team and we are excited to partner with them to execute our shared strategic objectives,” Stephen D’Incelli, SK Capital Managing Director.