# 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.

- Type: Acquisition
- Announced: 2020-02-10
- Where: Chicago, Illinois, United States
- Value: $36.5M
- Status: announced
- Products: automated packaging machines, robotic packaging solutions, cartoning and case-packing systems
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Intertape Polymer Group](https://endata.com/companies/3611.md) (acquirer)
- [Nortech Packaging](https://endata.com/companies/6097.md) (target)
- [Custom Assembly Solutions](https://endata.com/companies/6098.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/02/10/1982205/0/en/intertape-polymer-group-announces-agreement-to-acquire-nortech-packaging.html), 2020-02-10: "The acquisition will expand IPG's product bundle into technologies that are increasingly critical to automation in packaging."
- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/INTERTAPE-POLYMER-GROUP-1410500/news/Intertape-Polymer-Group-Inc-complete-the-acquisition-of-substantially-all-operating-assets-of-Norte-33995784/), 2020-02-10: "Intertape Polymer Group Inc. (TSX:ITP) complete the acquisition of substantially all operating assets of Nortech Packaging LLC and Custom Assembly Solutions, Inc. for $47 million on February 11, 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.