Investment Firms Purchase IPL for $94.2 Million

Two invest­ment firms are com­bin­ing to buy Canadian injec­tion molder and extruder IPL Inc. for $6.50 per share, a deal that val­ues the com­pany at $94.2 million.

The com­pa­nies announced the merger agree­ment on Sept. 7. It fol­lows a 10-month review that IPL had announced on Dec. 10. For more complete coverage on the IPL purchase visit www.reusables.org. This story was originally posted at Plastic News.

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