KKR Completes Acquisition of Goodpack Limited
September 15, 2014KKR partnership with Goodpack to create greater value and accelerate growth
KKR’s partnership with Goodpack will further realise the Company’s potential and accelerate its growth. Goodpack’s management team will look to leverage KKR’s global network to penetrate new verticals and increase sales in existing markets. Goodpack will also benefit from the expertise of KKR Capstone, an independent team of operational executives who work exclusively with KKR and its portfolio companies, to identify opportunities to unlock and create greater value.
Goodpack’s strong environmental thesis complements KKR’s commitment to incorporating environmental, social, and governance (“ESG”) considerations into its decision-making and management practices. Goodpack’s intermediate bulk containers (“IBCs”) are made of high tensile steel that can be reused multiple times over the course of 10 or more years compared to typical wood or corrugated packaging that is used once and then disposed. With more than 3.3 million Goodpack IBCs in circulation across 70 countries and over 5,000 delivery and collection points, Goodpack IBCs can be hired locally and returned globally.
Commenting on the completion,
The acquisition of Goodpack is KKR’s first transaction in
ABOUT GOODPACK
Goodpack owns and operates the world’s largest fleet of steel IBCs (Intermediate Bulk Containers), a multi-modal, reusable metal box system that provides packaging, transporting and storage for global core industries. With more than 3.3 million IBCs and over 5,000 collection and delivery points, customers can hire and de-hire Goodpack IBCs practically anywhere in the world.
As the world’s leading provider of IBCs, Goodpack is a critical partner in providing a safe, efficient and environmentally-friendly packing solution that can be integrated into our customers’ supply chain systems. We are committed to growing partnerships by being our partners’ solution from the very start.
Goodpack operates in more than 70 countries, with 16 offices and is
headquartered in
For more information, please visit http://www.goodpack.com.
ABOUT KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
The directors of the Company (including any who may have delegated
detailed supervision of the preparation of this press release) have
taken all reasonable care to ensure that the facts stated and all
opinions expressed in this press release which relate to the Company
(excluding information relating to
The directors of
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MEDIA
For KKR
steven.okun@kkr.com
or
anita.davis@kkr.com
or
kristi.huller@kkr.com
or
terence.foo@newgatecomms.com.sg
or
bob.ong@newgatecomms.com.sg
or
joanne.loh@newgatecomms.com.sg
or
For
Goodpack
Amanda.lee@goodpack.com
Source: KKR
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