On the Record · Intertape Polymer
Intertape Polymer acquisitions, on the record
The businesses Intertape Polymer bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Better Packages (BP Acquisition Corporation)Word for word“On April 7, 2015, the Company purchased 100% of the issued and outstanding common stock of BP Acquisition Corporation (which wholly-owns a subsidiary, Better Packages, Inc.) (“Better Packages”), a leading supplier of water-activated tape dispensers.” 20-F for 2019 | acquisition | April 7, 2015 | — |
TaraTapeWord for word“The Company paid an aggregate purchase price of $11.0 million, net of cash acquired.” 20-F for 2019 | acquisition | — | $11.0 million |
PowerbandWord for word“The Company paid an aggregate purchase price of $41.9 million, net of cash acquired.” 20-F for 2019 | acquisition | — | $41.9 million |
Powerband (remaining 26% interest)Word for word“On November 16, 2018, the Company closed on the exercised call option to acquire the outstanding 26% interest in Powerband for $9.9 million and now owns all of the issued and outstanding common shares of Powerband.” 20-F for 2019 | acquisition | November 16, 2018 | $9.9 million |
CapstoneWord for word“Capstone Polyweave Private Limited, a newly-formed enterprise in India (doing business as "Capstone"), the Company purchased substantially all of the issued and outstanding shares of Capstone ("Capstone Partnership") for cash consideration of $5.1 million, net of cash acquired.” 20-F for 2019 | acquisition | — | $5.1 million |
AirtraxWord for word“On May 11, 2018, the Company acquired substantially all of the assets and assumed certain liabilities of Airtrax.” 20-F for 2019 | acquisition | May 11, 2018 | — |
Canadian Technical Tape Ltd. (Cantech)Word for word“On July 1, 2017, the Company acquired substantially all of the assets of Canadian Technical Tape Ltd. (d/b/a "Cantech"), a privately-owned North American supplier of industrial and specialty tapes based in Montreal, for an aggregate purchase price of $67.0 million, net of cash acquired.” 20-F for 2019 | acquisition | July 1, 2017 | $67.0 million |
Johnson City, Tennessee manufacturing facilityWord for word“The Company closed its Johnson City, Tennessee manufacturing facility at the end of 2018 and subsequently sold the facility in June 2019.” 20-F for 2019 | divestiture | June 2019 | — |
Polyair Inter Pack Inc. (Polyair)Word for word“On August 3, 2018, the Company acquired 100% of the outstanding equity value in Polyair Inter Pack Inc. (“Polyair”) for an aggregate purchase price of $145.0 million , net of cash acquired.” 20-F for 2019 | acquisition | August 3, 2018 | $145.0 million |
Maiweave, LLC (Maiweave)Word for word“On December 17, 2018, the Company acquired substantially all of the operating assets of Maiweave, LLC ("Maiweave") for an aggregate purchase price of $20.8 million , net of cash acquired.” 20-F for 2019 | acquisition | December 17, 2018 | $20.8 million |
Nortech Packaging LLC and Custom Assembly Solutions, Inc. (Nortech)Word for word“The acquisition expands the Company’s product bundle into technologies that the Company believes are increasingly critical to automation in packaging.” 20-F for 2019 | acquisition | — | — |
RJM Manufacturing, Inc. (d/b/a TaraTape)Word for word“On November 2, 2015, the Company purchased 100% of the issued and outstanding common shares of RJM Manufacturing, Inc. (d/b/a “TaraTape”), a manufacturer of filament and pressure-sensitive tapes.” 20-F for 2020 | acquisition | On November 2, 2015 | — |
Powerband (74% stake)Word for word“On September 16, 2016, IPG Mauritius Ltd., a newly formed subsidiary of the Company, under a share purchase agreement, dated September 2, 2016, purchased a 74% ownership stake in Powerband, a global supplier of acrylic adhesive-based carton sealing tapes and stretch films located in Daman, India, with the remaining 26% continuing to be held by the Desai family which founded the company in 1994.” 20-F for 2020 | acquisition | On September 16, 2016 | — |
Powerband (remaining 26% interest, via exercised call option)Word for word“On November 16, 2018, the Company closed on the exercised call option to acquire the outstanding 26% interest in Powerband for $9.9 million and now owns all of the issued and outstanding common shares of Powerband.” 20-F for 2020 | acquisition | On November 16, 2018 | $9.9 million |
Capstone Polyweave Private Limited (doing business as Capstone)Word for word“In 2017, the Company purchased 99.7% of the issued and outstanding shares of Capstone Polyweave Private Limited, a newly-formed enterprise in India (doing business as "Capstone") for cash consideration of $5.1 million, net of cash acquired.” 20-F for 2020 | acquisition | In 2017 | $5.1 million, net of cash acquired |
Canadian Technical Tape Ltd. (d/b/a Cantech)Word for word“On July 1, 2017, the Company acquired substantially all of the assets of Canadian Technical Tape Ltd. (d/b/a "Cantech"), formerly a privately company and a North American supplier of industrial and specialty tapes based in Montreal, for an aggregate purchase price of $67.0 million, net of cash acquired.” 20-F for 2020 | acquisition | On July 1, 2017 | $67.0 million, net of cash acquired |
Airtrax Polymers Private Limited (doing business as Airtrax)Word for word“On May 11, 2018, the Company acquired substantially all of the assets and assumed certain liabilities of Airtrax.” 20-F for 2020 | acquisition | On May 11, 2018 | — |
Additional shares of Capstone Polyweave (Capstone shares for cash)Word for word“On August 10, 2018, the Company acquired additional existing and newly-issued shares of Capstone in exchange for $3.6 million in cash as part of the same overall transaction.” 20-F for 2020 | acquisition | On August 10, 2018 | $3.6 million in cash |
Johnson City, Tennessee manufacturing facility (Cantech)Word for word“The Company closed the Johnson City, Tennessee manufacturing facility at the end of 2018 and subsequently sold the facility in June 2019.” 20-F for 2020 | divestiture | June 2019 | — |
Syfan Manufacturing, Inc. ("Syfan USA")Word for word“On January 13, 2022, the Company acquired substantially all of the operating assets of Syfan Manufacturing, Inc. ("Syfan USA") for $18.0 million, subject to post-closing adjustments.” 20-F for 2021 | acquisition | On January 13, 2022 | $18.0 million |
Nuevopak Global LimitedWord for word“On July 30, 2021, the Company acquired 100% of the outstanding equity in Nuevopak Global Limited for $43.0 million, net of cash balances acquired, as further described above in the Section entitled "Company History and Significant Acquisitions."” 20-F for 2021 | acquisition | On July 30, 2021 | $43.0 million |
Nortech Packaging LLC and Custom Assembly Solutions, Inc.Word for word“On February 11, 2020, the Company acquired substantially all of the operating assets of Nortech Packaging LLC and Custom Assembly Solutions, Inc. for an aggregate purchase price of $46.5 million, net of cash balances acquired, as further described above in the section entitled "Company History and Significant Acquisitions."” 20-F for 2021 | acquisition | On February 11, 2020 | $46.5 million |
Maiweave, LLCWord for word“On December 17, 2018, the Company acquired substantially all of the operating assets of Maiweave, LLC ("Maiweave") for an aggregate purchase price of $20.8 million, net of cash acquired.” 20-F for 2021 | acquisition | On December 17, 2018 | $20.8 million |
Polyair Inter Pack Inc.Word for word“On August 3, 2018, the Company acquired 100% of the outstanding equity value in Polyair Inter Pack Inc. (“Polyair”) for an aggregate purchase price of $145.0 million, net of cash acquired.” 20-F for 2021 | acquisition | On August 3, 2018 | $145.0 million |
Read from Intertape Polymer’s annual reports (20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2022-03-31. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.