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Intertape Polymer buys 26% interest in packaging tapes maker Powerband

Nov 19, 2018 - Marketline Newswire

Packaging products and systems company Intertape Polymer Group (IPG) has completed the acquisition of the remaining 26% interest in India-based packaging tapes manufacturer Powerband Industries for $9.9m.

Following the completion of the transaction, IPG will own all of the issued and outstanding common shares of Powerband, which is subject to approval from the Indian regulatory.This transaction stems from the company’s agreement signed in September 2016 to purchase a 74% controlling ...