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Brookfield Business Partners has agreed to acquire a 75% stake in returnable plastic packaging systems firm Schoeller Allibert for €205m.
The founding Schoeller family will continue to hold the remaining 25% stake in Schoeller Allibert through Schoeller Group.
Brookfield Business Partners CEO Cyrus Madon said: “An increased global focus on sustainability, waste reduction, e-commerce and logistics automation positions the returnable packaging sector for meaningful growth, so we are pleased to invest in Schoeller Allibert, which has built a highly regarded reputation in this space. We look forward to partnering closely with the management team and the Schoeller Group to bring our operational expertise and geographic reach to create further value and grow the business.”