Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, May 16 2018 - 08:49
AsiaNet
Brookfield Partners With Schoeller Group
MUNICH, May 16, 2018 /PRNewswire-AsiaNet/ --

Schoeller Group announced today that it has completed the previously announced 
acquisition by Brookfield Business Partners L.P. together with institutional 
partners (collectively "Brookfield") of JP Morgan's shares in Schoeller 
Allibert.

(Photo: 
https://mma.prnewswire.com/media/692038/Managing_Partners_Schoeller_Group.jpg )

Brookfield will enter into a partnership with the Schoeller Group in Schoeller 
Allibert held in a joint holding company called Schoeller Packaging. Martin and 
Christoph Schoeller will act as co-chairmen. Schoeller and Brookfield will be 
equally represented on the Board.

Schoeller Group will hold 30% of Schoeller Allibert and 48% of the voting 
shares. Subject to certain conditions, the Schoeller Group will have the 
opportunity to increase their ownership over time.

It is the joint intention of the partners to grow what is currently one of 
Europe's largest manufacturers of returnable packaging by means of both organic 
growth and a targeted buy and build strategy. A number of potential 
transactions are in discussion.

Martin and Christoph Schoeller, Managing Partners of the Schoeller Group, that 
also owns and operates other packaging and logistics businesses with a focus on 
sustainable packaging (http://www.schoellergroup.com ), welcome the new 
partnership and the complementary capabilities of Brookfield to help realize 
their vision of creating a global leader in returnable packaging systems.

http://www.schoellergroup.com

Contact:

Schoeller Group GmbH
Sylvia Wendt
Zugspitzstr. 15
82049 Pullach
Tel. +49-89-55277-101
Fax +49-89-55277-299

Source: Schoeller Group GmbH
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