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OnePlastics featured in The Telegraph’s Business Club

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OnePlastics is today featured in The Telegraph’s Business Club.

The post profiles The One Plastics Group, explaining to readers who we are, and what we do. It also details our recent growth and what we are planning for the future.

The post also contains a fantastic video, giving a great insight into how OnePlastics as a company is run.

To read more from this post, click here.

 

 

ONE51 PLC Announces €8m Investment in New Manufacturing Facilities in Ireland and China

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Dublin – January 22, 2016 – One51 plc, a leading plastics and environmental services operator, today announces that it is investing €8 million in its OnePlastics Group subsidiary, Protech Plastics (“Protech”), in Cork, Ireland and is also expanding the OnePlastics Group manufacturing facility in Shanghai, China.

The investment in Ireland will result in the development of a state of the art food grade manufacturing facility located at Protech’s existing site at Little Island, Cork. The investment is targeted at enabling Protech to produce innovative packaging products to support the growing Irish food industry.

The investment will result in the new food grade manufacturing facility adopting best in class production technologies and automation. This expansion will result in the number of people employed by Protech increasing from 100 to 125 over the next two years.
OnePlastics Group also operates a facility located near Shanghai, China supplying products to its multinational clients. As part of its continued expansion, One51 will also invest to double the size of OnePlastics Group manufacturing facility in Shanghai. This expansion is required to cater for rising customer demand and also to ensure that our facilities are appropriately configured for future customer growth.

Protech supplies leading-edge containers to a range of customers and designs and manufactures specialist plastic components for multinational firms in the nutrition, pharmaceutical and data storage sectors. Protech’s facility at Cork also hosts the OnePlastics Group’s dedicated Innovation Centre of Excellence which was established in 2015 to foster innovation and new product development across the OnePlastics Group.

Donagh Murphy, Director of Operations, Protech, said:
“Today’s announcement represents an exciting development and the next step in the future growth of Protech into an industry leader in the design and manufacture of innovative plastics packaging and product solutions for our customers.”

Alan Walsh, Group Chief Executive, One51 plc, said:
“Our recent acquisition of IPL Inc. has provided us with a considerable product portfolio and competence in the design and manufacture of innovative food grade packaging products. We intend to leverage this knowledge through Protech’s new facility and to develop products to support indigenous Irish food companies as they continue to grow and expand in the global marketplace. The expansion of Protech’s facility is an exciting opportunity for the Group and one that we will seek to grow in the future.”

Investor Enquiries
www.one51.com
Alan Walsh, Chief Executive Officer
+ 353 1 612 1375
Pat Dalton, Chief Financial Officer
+ 353 1 612 1377
Robert Burns, Group Head of Corporate Development
+ 353 1 612 1377

About One51
One51 comprises two operating businesses focused on plastics and environmental services. One51 is headquartered in Dublin, Ireland and has operations in Ireland, the UK, Canada, the USA and China.

Forward Looking Statements
This statement contains forward-looking statements which reflect management’s current views and estimates. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. Management undertakes no responsibility to revise any such forward-looking statements to reflect any changes in management’s expectations or any change in circumstances, events or the Group’s plans and strategy. Accordingly, no reliance can be placed on the figures contained in such forward-looking statements.

Download the Press Release

http://www.one51.com/~/media/Files/O/One51/news/2016-Protech-Announcement.pdf

One51 acquires Canadian Plastics Company for €201m

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Dublin – 3 July 2015 – One51 plc, a leading environmental-services and plastics operator, has agreed to acquire a majority stake in IPL Inc. (“IPL”), a producer of injection-molded plastic products. Founded in 1939, IPL employs 800 people across three plants in Canada (Québec and New Brunswick) and the US (Kansas), manufacturing over 400 products for the North-American market.

As well as immediately increasing Group revenue from €276m to €450m, this acquisition will significantly increase One51’s international reach while providing it with a platform for future growth in North America.

Commenting today, Alan Walsh, One51 group chief executive, said:

“This is a transformational deal for One51 but it’s not just about scale; it’s about strategic fit. IPL gives us access to significant new markets for our existing products while also allowing us to bring a wide range of exciting new products, especially in food packaging and bulk containers, to our existing customers.”

“We have always been clear in our ambition to grow our core plastics and hazardous-waste businesses both organically and by acquisition. Welcoming IPL to the One51 group is a key milestone in that strategy.”

IPL is being acquired from Novacap, a leading Canadian private-equity firm with $1.5bn in assets under management, and Fonds de Solidarité FTQ (“FSTQ”), a Canadian government agency which supports investment in Quebec. This transaction gives One51 a controlling stake (67pc), while FSTQ will remain as a shareholder (11%) and will be joined by Caisse de Dépôt et Placement du Québec (“CDPQ”) (22%), a longterm institutional investor that manages funds primarily for the Canadian public sector.

Christian Dubé, executive vice-president, Québec at Caisse de dépôt et placement du Québec, said:

“The arrival of such a strategic partner will accelerate the growth of IPL, a Québec company with significant potential.”

Normand Chouinard, executive vice-president, Investments at the Fonds de solidarité FTQ said:

“This acquisition with a strategic partner such as One51 will secure jobs at IPL. One51’s global network will benefit the growth of IPL and will allow the Saint-Damien company to strengthen its leadership position in plastic products. The Fonds has been a partner of IPL since 2010, when it was acquired by NOVACAP.”

The acquisition will be financed by a mixture of senior debt (CAD$110m), sub-debt (CAD$45m) and equity (CAD$135m). The sub debt is being provided by Investissement Québec and by CDPQ and FSTQ in proportion to their equity participation. In addition to the senior debt facility, a revolving credit facility of CAD$40m has been secured to fund working capital finance and the growth plans for IPL. The combined bank financing package of CAD$150m is being underwritten by National Bank of Canada (“NBC”) (CAD$110m) and HSBC (CAD$40m). NBC is the incumbent banker to IPL for more than 50 years and will act as lead arranger. One51 will contribute CAD$90m in equity, funded by cash reserves and existing bank facilities.

Michel Côté, Senior Partner at NOVACAP, said:

“We have invested substantially in IPL over the past few years so that the company could perform well and thrive. Today, the time has come for this company to move to the next level, to ensure its development and sustainability. It is with this objective in mind that we have taken our time to seek strong partners, who would sustain what has been achieved to date and continue to support its growth.”

The acquisition is expected to close by July 31 2015 following regulatory clearance.

About IPL Founded by the Metivier family in 1939 in St-Damien, Quebec, IPL is a leading North American manufacturer of injection-moulded plastics products serving the environmental, bulk-food and retail sectors. IPL operates across five separate facilities, (four in Canada and one in the US) with three manufacturing plants employing some 800 people and producing c.2.8bn product units annually. IPL was listed on the Toronto Stock Exchange in 1985 and in 2010 was acquired by Novacap and FSTQ.

  • 2014 Revenue of CAD$215.2m and Adj. EBITDA of CAD$30.9m
  • Forecast pro forma Revenue for 2015 of CAD$240m and Adj. EBITDA of CAD$40m
  • 2014 Gross Assets of CAD$223m

About Us

One51, which is head-quartered in Dublin, Ireland, is a leading environmental-services and plastics company with operations in Ireland, the United Kingdom and China. The Group also has an investment portfolio of assets across the renewable-energy sector.

About Caisse de dépôt et de placement du Québec

Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2014, it held $225.9 billion in net assets. As one of Canada’s leading institutional fund managers, la Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information about la Caisse: www.cdpq.com.

About the Fonds de solidarité FTQ The Fonds de solidarité

FTQ is a development capital fund with net assets of $10.5bn that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.

About Investissement Québec Investissement

Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments and is responsible for administering tax measures and prospecting for foreign investment.

About NOVACAP

With $1.5 billion of assets under management, NOVACAP is one of Canada’s leading private equity firms. Since 1981, its distinct partnership approach based on operational expertise has helped more than 70 companies in North America accelerate their growth and maximize their value. For more information: www.novacap.ca.

For Further Information Contact

One51/IPL: Tom McEnaney, McEnaney Media, +353 87 2222 666, tom@tommcenaneymedia.com

Fonds de solidarité FTQ: Patrick McQuilken, +1 514 850-4835, +1 514 703-5587, pmcquilken@fondsftq.com

NOVACAP: Patrice Attanasio, +1 514 501-5717, patrice@agocom.ca

Caisse de dépôt et placement du Québec Maxime Chagnon: +1 514 847-5493, mchagnon@cdpq.com

Investissement Québec Chantal Corbeil: +1 514 873-7161, chantal.corbeil@investquebec.com

Download the Press Release

http://www.one51.com/~/media/Files/O/One51/news/one51-plc-acquires-canadian-plastics-company.pdf

MGB Plastics Builds for Future Growth With Seven Figure Machinery Investment

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The UK’s largest manufacturer of wheeled bins has strengthened its position as market leader with a seven figure investment in new machinery to help increase production and target new markets.

MGB Plastics has continued its commitment to UK manufacturing by bolstering its business with a new 2700t Krauss Maffei injection moulding machine at its Rotherham factory.

This recent addition – its fourth investment in as many years – will complement its existing portfolio of equipment to allow the company to manufacture more products, cope with extra demand and boost sales as it targets a growing share of the market.

It currently has the largest share of the UK wheeled bin and recycling container market alongside sister firm Straight Ltd, both part of the OnePlastics Group portfolio.

Karl Stillman, OnePlastics group sales director, said the new machine would help service existing client requirements while building on its client base as the company looks to post a record-breaking year.

He said: “We are delighted to have acquired this new machine which is central to our long-term plans and a perfect complement to our existing portfolio. It will fulfil our immediate requirements of existing clients while giving us that extra production capacity to cope with extra demand as we look to increase our client base.

“We are seeing a strong order intake from clients within all of our chosen market sectors and are expecting a record breaking year in 2015.

“The investment programme fits perfectly with the strategic goal of OnePlastics parent company One51 Plc to grow both organically and through acquisition.”

The new Krauss Maffei 2700t injection moulding machine tool will mean reduced setup times leading to increased flexibility and energy efficiency combined with shorter production lead times.

Alongside recent purchases of 2300t and 2700t Krauss Maffei machines, MGB Plastics now operates one of the largest selections of heavy tonnage injection moulding machines in the UK. This has increased the manufacturing capacity of its modern 5,000 sq factory on Barbot Hall Industrial Estate in Rotherham to two million bins and kitchen caddies annually

One51plc, based in Ireland, recently created a new brand called OnePlastics Group which saw seven businesses come together under one brand umbrella with a vision to be the leading provider of plastics products to a variety of sectors.

It plans to grow its client base organically by winning contracts locally and by acquiring strategic targets such as the purchase of Straight Ltd- one of the UK’s leading wheeled bin and recycling container manufacturers.

Publication of the First OnePlastics Sustainability Report

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A milestone for OnePlastics as we release our very first Sustainability Report for the year 2013.

Our commitment to constantly monitor, assess and invest across all areas of the business is bolstered by our latest report on the sustainability of the OnePlastics Group. The report itself closely examines areas of the OnePlastics group across the globe, detailing the level of activity that is currently ongoing in the area of sustainability. Continual investment in our people and manufacturing facilities since 2010 means that we remain at the cutting-edge of injection moulding technology, manufacturing and developing new techniques which enable us to provide better products, better services and better places to work.

We’re confident this report will have a long lasting impact on the already existing good practices across the group, and also result in increased sharing of learning across the OnePlastics group globally.

Download the PDF   View as a flipbook

The International Impact of OnePlastics Launch

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The launch of the OnePlastics Group has been making headline news across the world.

The new group, which has been born out of One51 plc Group, includes a group of seven businesses which have been brought together under a single name.

Following the official announcement of the launch earlier this month, OnePlastics has been featured on the likes of the European Plastics News website and by British Plastics & Rubber (bp&r).

News of the launch has also made its way across the Atlantic, with Canadian Plastics featuring an article in its daily news section online last week.

Plastics News, which, together with its sister publications, makes up the largest plastics publishing organisation on the planet, has also featured the OnePlastics launch on its website.

The international interest in the new group is great news for the septet of businesses it includes. Between them, UK-based MGB Plastics, Straight, AAC Structural Foam, AAC Technology, Protech Plastic Containers, as well as Protech Performance Plastics and Thormac Engineering in Ireland, and Protech Plastics China will employ around 450 people and is anticipating annual sales of €150million.

Barnsley and Rotherham Business Awards Finalist

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MGB Plastics is delighted to reveal that it has been nominated as a finalist in the Barnsley and Rotherham Business Awards.

More than 100 entries were submitted for the prestigious annual awards, which are organised by the Barnsley and Rotherham Chamber of Commerce and run in association with Solar Europa, and will take place in Barnsley this year for the first time.MGB Plastics’ investment in new state-of-the-art equipment, training initiatives and enhanced green credentials has seen them rewarded with a place on the final shortlist for the Brook Corporate Developments Excellence in Manufacturing Award.

Read more over at the MGB Plastics website:

http://www.mgbplastics.com/bansley-and-rotherham-business-awards-finalist/