Stratrix
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

BusinessDealWhenValue
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
acquisitionApril 7, 2015—
TaraTape
Word 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
Powerband
Word 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
acquisitionNovember 16, 2018$9.9 million
Capstone
Word 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
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 2019
acquisitionMay 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
acquisitionJuly 1, 2017$67.0 million
Johnson City, Tennessee manufacturing facility
Word 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
divestitureJune 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
acquisitionAugust 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
acquisitionDecember 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
acquisitionOn 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
acquisitionOn 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
acquisitionOn 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
acquisitionIn 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
acquisitionOn 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
acquisitionOn 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
acquisitionOn 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
divestitureJune 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
acquisitionOn January 13, 2022$18.0 million
Nuevopak Global Limited
Word 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
acquisitionOn 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
acquisitionOn February 11, 2020$46.5 million
Maiweave, LLC
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 2021
acquisitionOn 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
acquisitionOn 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.