# IPL acquires Encore Industries, US rigid plastic packaging producer

IPL Inc. acquired Encore Industries Inc., a producer of rigid plastic packaging with three US facilities in Ohio, Georgia and Minnesota, for US$35 million. The deal was made with parent One51 and partners Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.

- Type: Acquisition
- Announced: 2016-11-11
- Where: Ohio, Georgia and Minnesota, United States
- Value: $35.0M
- Status: completed
- Products: rigid plastic packaging products, plastic injection molded products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [IPL](https://endata.com/companies/319.md) (acquirer)
- [Encore Industries](https://endata.com/companies/320.md) (target)
- [One51](https://endata.com/companies/321.md) (partner)
- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (investor)
- [Fonds de solidarité FTQ](https://endata.com/companies/323.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/ipl-acquires-encore-industries-inc-and-announces-an-investment-plan-of--36-million-600810981.html), 2016-11-11: "The acquisition, made in collaboration with IPL's parent company One51, and partners Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ, makes IPL the third largest player in America in the plastic injection molded products market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.