ST. LAURENT, QUEBEC - Intertape Polymer Group Inc. plans to expand and diversify its carton sealing tape business by acquiring Tape Inc. of Green Bay, Wis., for undisclosed terms. Tape Inc. specializes in paper and high-strength, reinforced composite tapes, said David Trickel, Tape's president.
Tape also manufactures plastic tapes, of which Intertape is a major producer. The private firm's sales exceed $30 million annually and it has one plant in Green Bay.
It does no film extrusion but has coating, laminating and printing capabilities.
Intertape, based in St. Laurent, said in a Sept. 24 news release that Tape's customers are potential buyers of Intertape products. The two firms signed a letter of intent for the deal and expect to reach a definitive agreement shortly.