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

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.