Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Feb. 27, 3:44 PM
| This Slide: #90 of 100 |
Slide #90. Intertape Polymer Group Inc. — Nortech Packaging
Acquirer:
Intertape Polymer Group Inc. (TSE:ITP.CA)
Acquiree:
Nortech Packaging
Details:
Intertape Polymer Group Inc. (TSX:ITP.CA) ("IPG" or the "Company") today announced it has entered into a definitive agreement to acquire substantially all of the operating assets of Nortech Packaging ("Nortech") for cash consideration of approximately $36.5 million, subject to certain post-closing adjustments and potential earn-out consideration. All amounts are in US dollars.
Intertape Polymer Group provides packaging and protective solutions for industrial markets in North America, Europe and other geographies. Co. develops, manufactures and sells a variety of paper and film-based pressure-sensitive and water-activated tapes, polyethylene and polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use. Co.'s products consist of carton sealing tapes, including pressure-sensitive and water-activated tapes; packaging equipment; industrial and performance tapes including masking, duct, electrical, foil, process indicator, sheathing, sports and reinforced filament tapes; and stencil products, among others.
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