IPL Plastics Inc (IPLP.TO, IPLP CN)
IPL Plastics is a manufacturer of sustainable rigid plastic packaging products. Its products are mainly used in the food, consumer, agricultural, logistics and environmental markets. It is listed on the Toronto Stock Exchange under the symbol IPLP after its IPO in June 2018. The group generates over 70% of its revenues in North America and operates from 14 manufacturing facilities in the US, Canada, the UK, Ireland and China. It has seven corporate and sales offices worldwide, four R&D facilities and a highly diversified base of over 5,300 customers. IPL Plastics' strategy is to build on the position it has established in the rigid plastics market and, accordingly, the group is making significant investment in additional manufacturing capacity. In addition, it has made a series of highly successful acquisitions in recent years and is likely to target further consolidation in what is a fragmented sector.