Ipackchem Group, backed by SK Capital Partners and a supplier of barrier packaging services in the crop protection and chemical end markets, has acquired a majority stake in TPG Plastics LLC, a manufacturer of engineered plastic blow molded products.
TPG supplies portable fuel containers and engineered blow molded products from its facility in Murray, Ky. The transaction looks to bring Ipackchem’s in-mold fluorination technology to North America with a focus on the crop protection market for the 2023-2024 growing season. Ipackchem currently has facilities across Europe, the U.K., China, India, Brazil and South Africa.
“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,” says JP Morvan, founder and CEO of Ipackchem. “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.”