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Intertape Polymer Group to acquire Nortech Packaging for $36.5M
Intertape Polymer Group agreed to acquire substantially all operating assets of Nortech Packaging, a maker of automated packaging machines near Chicago, Illinois, for about $36.5 million in cash plus potential earn-out. The deal was announced on February 10, 2020.
Productsautomated packaging machinesrobotic packaging solutionscartoning and case-packing systems
“The acquisition will expand IPG's product bundle into technologies that are increasingly critical to automation in packaging.”globenewswire.com
- 2 sources
- globenewswire.comIntertape Polymer Group Announces Agreement to AcquireFeb 10, 2020
- uk.marketscreener.comIntertape Polymer Group Inc. complete the acquisition of substantially all operating assets of Nortech Packaging LLC and Custom Assembly Solutions, Inc. for $47 million.Feb 10, 2020
Summarized from public sources; check the original articles before acting on it.
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