Intertape Polymer sales up in Q1

Intertape Polymer Group has reported Q1 sales of $406.4-million, a 17.6 percent increase attributed to higher selling prices. Earnings fell by $75.7-million to a net loss of $56.7-million, primarily due to charges related to the company’s pending acquisition by Clearlake Capital Group, which proposes to take it private.

At the same time, IPG announced the opening of a new facility in Widnes, England. The plant will manufacture IPG’s tri-laminated Curby Mailer when it becomes operational in the second quarter of this year.