Intertape Polymer to spin-off engineered coated products operations (January 02, 2006)

Montreal-based Intertape Polymer Group Inc. announced its intention to pursue a spin-off of substantially all of its engineered coated products and flexible intermediate bulk containers bag import operations, combined with the operations of Flexia Corp. and Fib-Pak Industries Inc. Both Flexia and Fib-Pak were acquired by Intertape Polymer’s subsidiary Intertape Polymer Inc. on October 5, 2005.
Intertape intends to proceed with an initial public offering through an income trust structure.