Deloitte Corporate Finance acted as exclusive financial advisor to Fairfield, CA-based Macro Plastics, a provider of rigid plastic bulk packaging solutions, in its sale to IPL, a North American manufacturer of injection molded products. The acquisition closed in June 2017.

IPL, a subsidiary of Ireland-based rigid packaging manufacturer One Fifty One (One51), acquired 100% of the share capital of Macro Plastics in a transaction valued at $150 million.

“We are excited to begin a strong partnership with IPL and the One51 group,” said Warren MacDonald, CEO of Macro Plastics. “The combination will further Macro Plastics’ strategy of expanding our presence in major global markets while continuing to enhance our value-added product offering.”