Insights & news

Van Bael & Bellis assists Irish IPL Plastics Inc. in acquisition of Loomans Group

  • 19/03/2019
  • News

Our corporate M&A team is assisting the Irish-based global leading sustainable packaging solutions provider IPL Plastics, listed on the Toronto stock market, in relation to its acquisition of the Loomans Group.  Loomans Group, headquartered in Lommel (Belgium), is an international tooling and plastics manufacturing business with significant inmould labelling expertise. 

 

The closing of the transaction is subject to a number of conditions precedent.  The transaction value amounts to approximately € 75 million.

The official press release can be found here. The deal team consists of Van Bael & Bellis partner Michel Bonne and associates Hannelore Matthys, Sara Beutels and Sarah Arens.

Key contacts

Related practice areas

Related insights

Sign up for updates
    • 18/06/2020
    • Articles

    Covid-19 | End of temporal scope of Royal Decree on temporary protection measures for enterprises

    On 17 June 2020, the temporal scope of the Royal Decree concerning the temporary suspension, for the benefit of enterprises, of enforcement measures and other measures during the Covid-19 crisis (the Decree) has ended. The Belgian Federal Government had already extended the original temporal scope of the Decree from 17 May 2020 until 17 June 2020, but has not repeated this. The Decree was adopted on 24 April 2020 and granted an automatic moratorium during which enterprises were protected against (i) bankruptcy, judicial dissolution and transfers under judicial authority, (ii) attachments and enforcement measures, and (iii) termination of existing contracts due to non-payment. In addition, new credit lines provided during the moratorium and the security interests or acts that were implemented in execution of such new credit lines, were protected against subsequent bankruptcy.

    Read more
    • 14/05/2020
    • Articles

    Covid-19 | Extension of temporal scope of Royal Decree on temporary protection measures for enterprises

    On 13 May 2020, the Belgian Federal Government extended the temporal scope of the Royal Decree on temporary protection measures for enterprises (the Decree) from 17 May 2020 until 17 June 2020. The Decree was adopted on 24 April 2020 and grants an automatic moratorium during which enterprises are protected against (i) bankruptcy, judicial dissolution and transfers under judicial authority, (ii) attachments and enforcement measures, and (iii) termination of existing contracts due to non-payment. In addition, new credit lines provided during the moratorium and the security interests or acts that are implemented in execution of such new credit lines, will be protected against subsequent bankruptcy. The automatic moratorium period initially applied until 17 May 2020, but has now been extended until (and including) 17 June 2020. More information on the temporary protection measures can be found in our memorandum of 27 April 2020.

    Read more

Subscribe to our updates

Please select the practice areas you are interested in: *