IPACKCHEM has been 100% owned by GREIF since November 2023.

At what enterprise value was IPACKCHEM acquired in 2023?

During the acquisition of IPACKCHEM by GREIF in 2023, the transaction's Enterprise Value is estimated to be in the range of €500M–1.5bn.

What was the EV/EBITDA of IPACKCHEM when it was acquired by GREIF?

The estimated EV/EBITDA multiple for IPACKCHEM is in the range of 5x - 12x.

What was the EV/Revenue multiple of IPACKCHEM when it was acquired by GREIF?

The estimated EV/Revenue multiple for IPACKCHEM is in the range of 1x - 3x.

When was IPACKCHEM acquired by GREIF?

IPACKCHEM was acquired by GREIF in 2023.

What was the revenue of IPACKCHEM at the time of the deal?

The revenue of IPACKCHEM at the time of the deal is estimated to be in the range of €150–250M.

What was the EBITDA of IPACKCHEM during the acquisition?

IPACKCHEM's EBITDA is estimated to be in the range of €50–100M.

How is the data for the IPACKCHEM acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the IPACKCHEM deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/International/Operations/M-A/Un-americain-emballe-Ipackchem-460682

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.7x.

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Home Database Industry & ManufacturingIPACKCHEM

11/2023

IPACKCHEM acquired by GREIF

FRANCE Chemicals & Materials / Packaging & Containers / Plastic Packaging EV €500M–1.5bn

Context

Greif has finalized the acquisition of Ipackchem. The transaction was funded through Greif's existing credit facility and is expected to be immediately accretive to EBITDA margins. This strategic move allows Greif to capture $14.7 million in annual synergies by integrating Ipackchem's global operations into the Greif Global Industrial Packaging segment. The acquisition is a cornerstone of Greif's expansion into high-performance small containers, providing the group with advanced barrier technology capabilities and a stronger presence in the agrochemical market worldwide.

IPACKCHEM, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Ipackchem is a global leader in the design and manufacture of high-performance rigid plastic packaging (jerrycans, bottles, and containers) specifically engineered for the crop protection and specialty chemical industries. The company is renowned for its proprietary "Advanced Barrier Technology" (fluorination and co-extrusion), which ensures the safe transport of aggressive or hazardous chemicals by preventing permeation. Operating 13 manufacturing facilities across four continents with over 1,400 employees, Ipackchem provides high-barrier solutions that comply with stringent international safety and environmental regulations.

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2024	CONSTANTIA FLEXIBLES	ALUFLEXPACK	SWITZERLAND	Packaging & Containers
01/2024	GALIENA CAPITAL	EXTRUFLEX	FRANCE	Plastics
11/2023	CRH	MARTIN MARIETTA STCC	UNITED STATES	Construction Materials
11/2023	CLAYTON, DUBILIER & RICE (CD&R)	VERITIV CORPORATION	UNITED STATES	Packaging & Containers
09/2023	MELLBY GÅRD	DUNI GROUP	SWEDEN	Paper & Cardboard
09/2023	ATHENA HOLDING	TESSILBIELLA	ITALY	Material Transformation
08/2023	APOLLO GLOBAL MANAGEMENT / IRENIC CAPITAL	ARCONIC	UNITED STATES	Metallurgy / Foundry
07/2023	AGIC CAPITAL	PURE TRADE WORLDWIDE	FRANCE	Packaging & Containers
07/2023	MICHELIN	FLEX COMPOSITE GROUP	FRANCE	Plastics
05/2023	TRAJAN	ESSENCES & PARFUMS	FRANCE	Flavors & Fragrances

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €150–250M

EBITDA range: €50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IPACKCHEM by GREIF are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.