Plastic business One51 eyes IPO within 12-18 months

The board of Dublin-based plastics business One51 has resurrected plans to float the company within the next 12-18 months, writes Geoff Percival.

While no decision has been made on the location of the IPO, industry sources suggest the Toronto Stock Exchange (TSX) would be the most likely option, given the company’s investor base and presence in Canada. It is believed, however, that would not necessarily rule out a secondary listing on this side of the Atlantic.

One51 entered the North American market through the majority purchase of Canadian packaging company IPL in 2015 and has used that as a springboard into the US market, most recently buying bulk packaging company Macro Plastics, via IPL, in a €135m deal earlier this year.