Brookfield Business Partners closes acquisition of Schoeller Allibert Group

Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), together with institutional partners, has completed the acquisition of a 75% controlling interest in the Schoeller Allibert Group B.V. from an indirect subsidiary of JPMorgan Chase & Co (NYSE: JPM) for €205 million.

The founding Schoeller family will continue to hold the remaining 25% interest.

Schoeller Allibert is one of Europe’s largest manufacturers of returnable plastic packaging systems. Schoeller Allibert has a product portfolio of over 1,000 types of returnable plastic crates and containers used by a diversified, global customer base across essential industry sectors, including agriculture, beverage, food processing and retail, industrial and automotive manufacturing and container pooling and rental companies.

photo credit: Schoeller Allibert

News Release

BROOKFIELD BUSINESS PARTNERS COMPLETES ACQUISITION OF CONTROLLING INTEREST IN SCHOELLER ALLIBERT IN PARTNERSHIP WITH SCHOELLER GROUP

Schoeller Allibert is one of Europe’s key players in the growing returnable packaging sector

BROOKFIELD, NEWS, May 15, 2018 — Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) (“Brookfield Business Partners”), together with institutional partners (collectively “Brookfield”), announced today that it has completed the previously announced acquisition of a controlling interest in the Schoeller Allibert Group B.V., one of Europe’s largest manufacturers of returnable plastic packaging systems.

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (EURONEXT:BAMA), a leading global alternative asset manager with approximately $285 billion of assets under management. For more information, please visit our website at https://bbu.brookfield.com.

Media:
Claire Holland Tel: +1 (416) 369-8236
Email: claire.holland@brookfield.com

Investors:
Courtney Burke Tel: +1 (416) 369-2629
Email: courtney.burke@brookfield.com


Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.
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