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
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.
Claire Holland Tel: +1 (416) 369-8236
Courtney Burke Tel: +1 (416) 369-2629