On July 1, 2025, IPL and Schoeller Allibert announced the completion of their previously announced merger to create an international sustainable packaging solutions provider under the new brand, IPL Schoeller.

55 percent of the new company is now owned by the former shareholders of IPL, consisting of investment funds managed by Madison Dearborn Partners, LLC (“MDP”) and Caisse de dépôt et placement du Québec (“CDPQ”). The existing shareholders of Schoeller Allibert, made up of Brookfield Asset Management Ltd.’s private equity business and the Schoeller family, own the remaining 45 percent.

Torys acted as Canadian counsel to Brookfield and its portfolio company Schoeller Allibert with a team that included Laurie Duke (corporate/M&A), Omar Wakil and Ian Li (competition), Tom Stevenson, Alexandre Boisjoly-Rivest and Olivia Mazza (employment).