Intertape Polymer Group says it has reached an agreement to acquire Nuevopak Global Ltd. for approximately $43.8 million.
Nuevopak is a privately held company based in Hong Kong and develops machines to make protective packaging. That segment “continues to be a strategic portion of our product bundle,” said Greg Yull, president and CEO of IPG, in a release.
“Nuevopak has been a valued partner of ours for several years and this acquisition was a natural evolution of that relationship.”
