Category Archives: Media

Moulding the Future

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Karl Stillman outlines the focus of the OnePlastics Group

In a recent British Plastics & Rubber interview, our Group Sales Director explains the direction of OnePlastics:

“The OnePlastics Group set out in 2013 with a specific focus; to be
the leading manufacturer of plastic products in the sectors in which it operates…”

€30million investment

OnePlastics have a strong tradition of continuing investment, with €30million spent during the last three years.

It has seen the opening of a new Midlands based Logistical Centre and
a new fleet of delivery vehicles.

Technical Focus: Twin shot expertise at Tamworth site

The Tamworth site recently completed a major twin shot (2K) production cell installation to support a growing partnership with a key customer within the construction sector.

The project centred around tooling designed to improve the design of a drainage riser.

OnePlastics launches the OneNest product range

This year saw OnePlastics enter the RTP market with their patented range of OneNest bale arm trays.

This provides customers with the option to buy these industry compatible products directly from the UK manufacturer, shortening and streamlining the procurement process.

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:

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

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.


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:

For Further Information Contact

One51/IPL: Tom McEnaney, McEnaney Media, +353 87 2222 666,

Fonds de solidarité FTQ: Patrick McQuilken, +1 514 850-4835, +1 514 703-5587,

NOVACAP: Patrice Attanasio, +1 514 501-5717,

Caisse de dépôt et placement du Québec Maxime Chagnon: +1 514 847-5493,

Investissement Québec Chantal Corbeil: +1 514 873-7161,

Download the Press Release

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