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New Deal


Announced

Completed

Intertape Polymer completed the acquisition of Polyair Inter Pack from Glencoe for $146m.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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swimming pool products

Completed

Containers and Packaging

insulation materials

Private

Single Bidder

Canada

Acquisition

Friendly

Majority

protective packaging manufacturer

Private Equity

Synopsis

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Intertape Polymer completed the acquisition of Polyair Inter Pack, a North American supplier of protective packaging, from Glencoe for c. $146m. “The addition of Polyair's protective packaging offering is a strategic acquisition that expands our offering into a new product line thereby strengthening our overall product bundle. Polyair's complementary product offering and established customer base provide us a two-faceted approach for cross-selling opportunities. In addition, as the e-commerce market continues to experience out-sized growth, we believe protective packaging demand will continue to be a key component of our future growth,” Greg Yull, IPG President and CEO.

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