Canadian Plastics

Intertape acquires Flexia and Fib-Pak

Canadian Plastics   



Intertape Polymer Group Inc. announced Intertape Polymer Inc, a wholly-owned Canadian subsidiary of IPG, will acquire all of the outstanding stock of Flexia Corp. and Fib-Pak Industries Inc., for abou...

Intertape Polymer Group Inc. announced Intertape Polymer Inc, a wholly-owned Canadian subsidiary of IPG, will acquire all of the outstanding stock of Flexia Corp. and Fib-Pak Industries Inc., for about $33.5 million.

The acquisition will be funded by IPG from available credit facilities. The acquisition strengthens the engineered coated product line of IPG by broadening its range of products and providing the opportunity to reduce costs in the combined operations.

Federation for Canadian MTDM industry launches e-newsletter, web site

Until recently, separate associations represented the Canadian MTDM industry: CAMM, CPMA, CTMA and the Mould Makers Council of the CPIA.

Advertisement

Because of the major issues facing the industry, the four associations have formed a federation, the Canadian Machine, Tool, Die & Mould Federation (CMTDMF).

The federation’s first major initiative was the launch of an e-newsletter, “Precisely Canadian,” and a Web site.

“Precisely Canadian” will be produced six times a year and will provide members with key business and advanced technologies. The newsletter is industry-supported and distributed to owners and key managers of the founding member associations as well as individuals in the industry.

Advertisement

Stories continue below

Print this page

Related Stories