Group acquires manufacturer for $21 million

Intertape Polymer Group estimates Maiweave will generate approximately $25 million of revenue in 2018.

  • By Business Observer Staff
  • | 4:02 p.m. December 17, 2018
  • | 0 Free Articles Remaining!
Greg Yull is president and CEO of Montreal and Sarasota-based Intertape Polymer Group.
Greg Yull is president and CEO of Montreal and Sarasota-based Intertape Polymer Group.
  • Manatee-Sarasota
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SARASOTA — Packaging tape firm Intertape Polymer Group Inc. announced it acquired substantially all the operating assets of fabric maker Maiweave LLC for about $21 million.

IPG, with a dual headquarters in headquartered in Montreal and Sarasota, financed the acquisition with funds available under its $600 million loan/credit facility, according to a statement. 

 

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