Schoeller Allibert Group BV is in talks to merge with IPL Plastics Inc. (TSX:IPLP), according to people familiar with the matter. Schoeller Allibert, majority owned by an affiliate of Brookfield Asset Management Inc. (TSX:BAM.A) has been in merger talks with IPL for several months, said the people, who asked not to be identified because the matter is private. Discussions are ongoing and there's no certainty they will lead to a deal, the people said.

Representatives for Brookfield, IPL and Schoeller Allibert declined to comment.