- Business
- Intertape Polymer Group Inc. (IPG) develops, manufactures and sells paper and film-based pressure-sensitive and water-activated tapes, including carton sealing, masking, duct, electrical, foil, filament, strapping and specialty tapes; protective packaging solutions such as inflatable systems, bubble cushioning, paper void fills, thermal products and foam roll stocks; stretch and shrink films, lumber wraps and specialized polyolefin films; woven and non-woven coated fabrics, geomembranes and flexible intermediate bulk containers; and packaging machinery and automation systems including case sealers, erectors, palletizers, dispensers and vision systems, serving industrial, e-commerce, retail, food and beverage, construction, aerospace, automotive, oil and gas, military and medical markets primarily in North America, Europe, Asia and internationally through 34 locations including 22 manufacturing sites. Founded in 1981 and headquartered in Sarasota, Florida, with additional offices in Montreal, Quebec, the company operates subsidiaries such as Better Packages, Cantech, Capstone Polyweave, Nuevopak, Powerband Industries, IPG Asia and Intertape Polymer Europe GmbH, maintaining leading North American market positions as the second-largest tape producer behind 3M with 20-30% share in key categories. In June 2022, IPG completed a going-private transaction, acquired by an affiliate of Clearlake Capital Group LP for $2.6 billion including debt, delisting from the Toronto Stock Exchange (TSX: ITP) and enabling accelerated growth in e-commerce packaging, sustainability initiatives and acquisitions such as Nuevopak in 2021, alongside facility expansions in North Carolina and South Carolina.