MONTREAL — Intertape Polymer Group announced it has exercised its option to acquire the outstanding interest in Powerband, of which it became majority owner last fall. The Desai family, which founded the Indian-based supplier of acrylic adhesive-based carton sealing tapes and stretch films in 1994, retained a 24% stake after the sale to IPG in September of 2017. Once the $9.9 million transaction satisfies Indian regulatory conditions, IPG will hold all issued and outstanding common shares of Powerband.
Intertape Polymer buys remaining Powerband stake
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024