Intertape Polymer Group acquires majority stake in Capstone Polyweave in India

Intertape Polymer Group agreed to acquire a minimum 55% interest in Capstone Polyweave Private Limited for approximately $13 million. The partnership is expected to lead to a greenfield manufacturing facility costing about $30 million.

“The principal purpose of the Capstone partnership will be to provide IPG with a globally-competitive supply of certain woven products in order to better service and grow IPG's woven products business.”globenewswire.com

• 2 sources
• globenewswire.comIntertape Polymer Group (IPG(R)) Enters StrategicIntertape Polymer Group Inc.Jun 15, 2017
• catchnews.comShardul Amarchand Mangaldas advises Capstone Polyweave on strategic partnership with Intertape Polymer Group | Catch NewsNews AgenciesJun 17, 2017

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