- IPACKCHEM will support TPG’s expansion as part of the deal
- TPG is a supplier of portable fuel containers and engineered blow moulded products
- IPACKCHEM is a global supplier of barrier packing products that service the crop protection and specialty chemicals end markets
SK Capital-backed IPACKCHEM announced that it has acquired a majority stake in TPG Plastics from Beaconhouse Capital Management. TPG manufactures engineered plastic blow moulded products and is a supplier of portable fuel containers.
The deal will see IPACKCHEM support Murray, Kentucky-headquartered TPG’s expansion and will let IPACKCHEM bring its in-mould fluorination technology to North America, the firm said.
IPACKCHEM was founded in 1987 and is a global supplier of barrier packaging products that service the crop protection and specialty chemicals end markets. It has facilities globally and is headquartered in Paris.
Based in New York, SK Capital is a private equity firm focused on the specialty materials, chemicals and pharmaceuticals sectors. It had approximately $5.5 billion of assets under management as of December 2020.
Beaconhouse is a private investment firm focused on lower middle market companies that are experiencing significant change. It invests in companies across sectors including specialty plastics and chemicals, healthcare and industrials. It is based in Clifton, New Jersey.