Intertape Polymer Group acquires Polyair Inter Pack
August 3, 2018 by Manufacturing AUTOMATION
August 3, 2018 – Intertape Polymer Group, a packaging products and systems company based in Montreal and Sarasota, Florida, has completed its deal to acquire Polyair Inter Pack for approximately USD 146 million.
Prior to the acquisition, Polyair Inter Pack, a manufacturer of protective packaging, was a privately held company, headquartered in both Toronto and Chicago. Polyair operates seven manufacturing facilities and employs approximately 600 employees across North America. Its products include bubble cushioning, foam, mailers and air pillow systems.
Intertape Polymer Group develops, manufactures and sells a variety of paper- and film-based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, protective packaging, woven coated fabrics and complementary packaging systems for industrial and retail use. The company employs about 3,400 employees with operations in 27 locations, including 23 manufacturing facilities in North America, Asia and Europe.
“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,” said Greg Yull, president and CEO of Intertape Polymer Group. “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.”