IPACKCHEM completed the acquisition of a majority stake in TPG Plastics.

IPACKCHEM, a global supplier of innovative and specialized barrier packaging solutions, completed the acquisition of a majority stake in TPG Plastics, a manufacturer of engineered plastic blow molded products. Financial terms were not disclosed. “We are extremely excited to partner with TPG Plastics, which has established a high-quality business, and look forward to producing our Advanced IMF barrier packaging in their world-class plant ideally located in Murray. This transaction is an important step for IPACKCHEM to deliver on our promise to serve our international customers from a truly global manufacturing footprint. We plan to supply the North American crop protection market as of the 2023-2024 season, while continuing to expand TPG’s existing customer base. IPACKCHEM’s presence in Murray will also open opportunities to expand our offering to other customers in Life Enhancing Chemical segments, including those we currently serve on other continents,” JP Morvan, IPACKCHEM Founder and CEO.