Following a strategic review initiated at the end of last year, Canadian plastics pails producer IPL has entered into a merger agreement with Novacap, Fonds de solidarité FTQ and a number of their affiliates.
Canadian plastics pails producer IPL has announced a first quarter net loss of C$2m, compared to net earnings of C$0.6m a year ago, from consolidated sales worth C$36.9m, themselves down 34 per cent year-on-year from C$55.9m.
Canadian plastics pails producer IPL Packaging has posted 2009 net earnings of C$4.1m, compared to a 2008 net loss of C$2.4m, from consolidated sales totalling C$197.9m, themselves up 4.5 per cent on the previous year’s figure of C$189.4m.
IPL, a Canadian manufacturer of plastics pails, has announced first quarter net earnings of C$630,000, up from C$129,000 a year ago, from consolidated sales of C$55.9m, themselves up 29.5 per cent year-on-year from C$43.2m.
Canada’s IPL, a producer of industrial plastics pails, retail packaging and material handling system among other things, has announced third quarter net earnings of C$825,000 ($776,000), down from the C$2.3m achieved 12 months ago,