Intertape Polymer Acquires Water-Activated Tape Dispensing Manufacturer
Canada-based Intertape Polymer Group Inc. (IPG), a manufacturer of packaging products and machinery, acquired Better Packages, Inc., an Ansonia, Conn.-based supplier of water-activated tape dispensers. This acquisition further extends IPG's product offering and global presence in the rapidly growing e-commerce market.
Better Packages' product line includes automatic tape dispensing machines used in high-volume applications such as e-commerce fulfillment centers. IPG manufactures reinforced and non-reinforced water-activated tape. This acquisition represents a holistic combination of both machine and consumable products, which should provide IPG with a strong position in the marketplace.
"This acquisition marks an important milestone in an effort to support IPG's vertical marketing. The addition of Better Packages will reinforce our offering in water-activated tape solutions focused specifically on the growing electronic fulfillment channels," says Greg Yull, IPG's president and CEO. "I am pleased that Better Packages will be joining the IPG corporate family. Better Packages is a recognized brand in water-activated tape dispensers. The acquisition of the Better Packages brand allows IPG to position itself as the premier solutions provider to the market."
Better Packages’ revenue for the fiscal year was approximately $18 million.
Phil White, the current chief executive officer of Better Packages, will continue to manage Better Packages' operations. The business will remain headquartered in Ansonia, Conn.