I&P Management acquired 100% of Newpack in July 2008 through the first LBO involving Mauritius and Madagascar.
Company Headquarters: Madagascar
Business focus: Corrugated cardboard packaging for transformation industries
Revenue: US$10.4 million (FY 2010)
- Newpack leveraged its sustainability achievements to attract new clients, including one of Madagascar’s leading seafood companies, and to penetrate export markets (Mauritius, Seychelles and la Réunion island)
- Through resource efficiency and the recycling and sales of paper waste, Newpack generated roughly US$539,000 in savings and income over two years
- Over three years, Newpack’s sustainability initiatives led to dramatic reductions in resource consumption, including decreases in electricity (29%), water (47%) and starch (5%) usage
- With I&P’s help, Newpack designed and implemented an Environmental and Social Management System to track performance metrics and prioritize corporate sustainability objectives