TPG Plastics is a supplier of portable fuel containers and engineered blow moulded products that are manufactured at its facility in Murray, Kentucky


TPG Plastics is a manufacturer of engineered plastic blow moulded products. (Credit: Dmitriy from Pixabay)

IPACKCHEM Group, a France-based barrier packaging solutions provider backed by SK Capital Partners, has acquired a majority stake in TPG Plastics, an American manufacturer of engineered plastic blow moulded products.

The financial terms of the deal were not disclosed.

The deal will enable IPACKCHEM to launch its Advanced In-Mold Fluorination technology (Advanced IMF) in North America.

TPG Plastics is a supplier of portable fuel containers and engineered blow moulded products, which are manufactured at its production site in Murray, Kentucky.

The firm’s products are said to be manufactured based on patented flame mitigation and dispensing technology.

IPACKCHEM founder and CEO JP Morvan said: “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.

“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.”

Established in 1987, France-based IPACKCHEM serves the end markets for speciality chemicals and crop protection with its specialised barrier packaging solutions.

The firm has facilities in China, India, Brazil, South Africa, the UK, Europe, and the US.

To deliver its Advanced IMF to North America and provide considerable additional capacity at TPG Plastics to facilitate its expansion, IPACKCHEM intends to undertake sizeable near-term investments.

Beaconhouse Capital Management has been a stakeholder in TPG Plastics. The former’s founding partner Saquib Toor said: “IPACKCHEM is the ideal partner for TPG to support its next phase of growth.

“We are excited by JP’s commitment to not only grow TPG’s existing customer base and end-markets, but also to invest in our Murray facility to launch IPACKCHEM’s innovative barrier technology to North America to serve the attractive crop protection market.”