Announced
Completed
Financials
Tags
swimming pool products
Completed
Containers and Packaging
insulation materials
Private
Single Bidder
Canada
Acquisition
Friendly
Majority
protective packaging manufacturer
Private Equity
Synopsis
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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