Intertape Polymer Group Announces Agreement to Acquire Nuevopak
Nuevopak currently supplies IPG with paper dispensing machines and converted paper for protective packaging distribution in North America.
- Nuevopak currently supplies IPG with paper dispensing machines and converted paper for protective packaging distribution in North America.
- Nuevopak has been a valued partner of ours for several years and this acquisition was a natural evolution of that relationship.
- IPG expects to achieve a post-synergy Adjusted EBITDA1 acquisition multiple on the Nuevopak transaction that is approximately 5x by 2023.
- About Intertape Polymer Group Inc.
Intertape Polymer Group Inc. is a recognized leader in the development, manufacture and sale of a variety of paper and film-based pressure-sensitive and water-activated tapes, shrink and stretch films, protective packaging, woven and non-woven products and packaging machinery for industrial and retail use.