Canadian Finishing and Coatings Manufacturing

April 4th, 2022

CFCM IPG Logo 400Intertape Polymer Group Inc. of Montreal will hold an Annual and Special Meeting on May 11, 2022. The Special Meeting is to approve takeover by 1351693 B.C. Ltd., an affiliate of Clearlake Capital Group, L.P. IPG shareholders will receive $40.50 per share in cash under the terms of the deal, which IPG says represents a premium of approximately 66 percent to the company's 30-day volume weighted average trading price prior to the date of announcement of the transaction.

Under the terms of the Arrangement, the purchaser will acquire all outstanding common shares of IPG. Subject to shareholders’ approval, the final approval of the arrangement by the court and the satisfaction of the remaining closing conditions, including the receipt of certain regulatory approvals (with the condition with respect to Competition Act Canada clearance having been fulfilled on March 28, 2022), the arrangement is expected to close early in the third quarter of 2022. IPG's board of directors has unanimously determined the arrangement is in the best interests of IPG and is fair to shareholders.

On March 29, 2022, the Superior Court of Québec (the “Court”) granted an interim order in respect of the Arrangement (the “Interim Order”). The Interim Order authorizes IPG to proceed with various matters relating to the Arrangement, including the holding of the Meeting for Shareholders to consider and vote on the Arrangement.

The company will be holding the meeting in a hybrid format with a physical location at the Fairmont Royal York, 100 Front St West, Toronto, and the ability to participate virtually, via live webcast at https://web.lumiagm.com/488452910.

Intertape Polymer Group Inc. is a major developer and manufacturer 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. Headquartered in Montreal, Quebec and Sarasota, Florida, it employs approximately 4,100 employees with operations in 34 locations, including 22 manufacturing facilities in North America, five in Asia and two in Europe.

www.itape.com

Product News

  • Prev
The Sherwin-Williams Company has introduced a new universal clearcoat: Aerospace Clearcoat ...
Paul N. Gardner USA has launched its new offering of Cross Hatch Adhesion Testers—three kits in ...
IFS Coatings recently launched IFS Puroplaz PE16, a tough thermoplastic modified polyolefin powder ...
BYK-Gardner USA is now offering a self-calibration option for its byko-visc RT Rotational ...
The global market for conductive pressure-sensitive adhesives (PSAs) is forecast to reach $12.5 ...
BYK-Gardner USA announced its new premium line of dry film thickness gauges, the byko-test 9500 ...
PPG announced the launch of PPG DP7000 Air-Dry Primer and a range of dedicated ancillaries across ...
AkzoNobel recently launched Interpon D1036 Low-E, an architectural powder coating that can be cured ...
DYRUP paint by PPG has introduced a new “bag-in-a-box” packaging for its Dyrup Wall Extra Covering ...
Evonik’s Coating Additives business line is expanding its TEGO Foamex product range with a new ...


Acquaduro ad 400x275

Presenting our latest waterborne system that won’t dilute performance. 

Acquaduro™, our innovative waterborne coating system featuring 2K polyurethane technology. 

Designed to meet evolving regulations, sustainability goals, and dynamic needs of customers, our Acquaduro coating system offers durability and chemical resistance on par with solvent-borne technology, providing a comprehensive and dependable solution for professional wood coating needs. 

For more information, contact your Chemcraft representative or local distributor. 

Chemcraft - a great finish is only the beginning 

Read More

Kerrwil Media Limited

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2024 All rights reserved
Funded by the Government of Canada | Finance par le gouvernement du Canada
Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil.