The Cantech acquisition will further enhance and extend the Intertape’s product offering.
Intertape Polymer Group Inc. (IPG), Canada, announced plans to acquire substantially all of the assets of Canadian Technical Tape Ltd. (dba Cantech), a Canada-based supplier of industrial and specialty tapes, for approximately $63 million.
The Cantech acquisition will further enhance and extend the Intertape’s product offering, and provide additional distribution channels in Canada, the United States and Europe.