Intertape Polymer Group
A packaging-products and systems company specializing in industrial tapes, films, and related packaging solutions.
Last updated August 31, 2026
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Overview
Intertape Polymer Group is a Canadian-founded packaging-products and systems company whose portfolio centers on adhesive tapes, films, protective materials, and equipment used in packaging, manufacturing, construction, shipping, and maintenance. The company was founded in 1981 by Melbourne F. Yull and incorporated in Montreal on August 31, 1993. It initially sold tape within a relatively small regional market, but expanded through manufacturing investment, product development, and acquisitions. IPG became one of the larger tape producers in North America. Its products include paper-based and film-based pressure-sensitive tapes, water-activated carton-sealing tape, filament and specialty tapes, stretch and shrink films, and associated dispensing and packaging equipment. These products serve both business customers and consumer channels, including industrial manufacturers, logistics and distribution operations, retailers, contractors, and household users. The company has also supplied tapes used for applications such as box sealing, surface protection, bundling, repair, and plumbing maintenance. The business experienced strong growth during the 1990s, followed by pressure from recessionary conditions, increasing Asian competition, and a pricing approach that did not always keep pace with manufacturing costs. Greg Yull succeeded his father in 2010 and pursued a restructuring and profitability-improvement program. This included ending the practice of relying on prices below rising production costs, closing or consolidating inefficient facilities, and moving selected production to more suitable sites. Plant closures and production transfers in Canada and the United States formed part of that effort. During the 2010s, IPG continued to broaden its capabilities through acquisitions. It acquired Better Packages, a maker of water-activated tape dispensers, in 2015; RJM Manufacturing, associated with TaraTape filament and pressure-sensitive tapes, later that year; and Canadian Technical Tape, known as Cantech, in 2017. The company also invested in new and expanded production capacity, including a planned water-activated-tape facility in Midland, North Carolina, while retaining the Menasha, Wisconsin operation. At its reported peak as a public company, IPG operated a broad network of manufacturing and other locations across North America, Europe, and Asia and generated most of its sales in the United States. In June 2022, the company was taken private by Clearlake Capital Group, and its shares were delisted from the Toronto Stock Exchange. IPG therefore remains an operating packaging-materials company but is no longer a publicly traded issuer under the former ITP symbol.
History
Intertape Polymer Group traces its origins to 1981, when Melbourne F. Yull established the business in Montreal. The company began as a tape seller serving a limited geographic area, then expanded rapidly through acquisitions and the development of a broader manufacturing footprint. It was formally incorporated on August 31, 1993. The company performed strongly during the 1990s. Its growth was reflected in a substantial rise in its share price during that decade, although later economic and competitive pressures exposed weaknesses in its operating model. The recession of the early 2000s and competition from Asian manufacturers affected the business. IPG was beginning to recover before the 2008 financial crisis, but its share price subsequently fell to slightly above C$1. A significant management transition occurred in 2010, when Greg Yull succeeded his father. He changed the company’s approach to growth and pricing, ending the practice of increasing sales through prices that failed to cover rising production costs. Management also closed inefficient facilities and reorganized production. The Brantford, Ontario plant closed in 2011, and the Richmond, Kentucky facility closed in 2012. In the same period, shrink-film production was transferred from Truro, Nova Scotia, to Tremonton, Utah. IPG also expanded its U.S. administrative presence. In July 2013, Greg Yull announced that the company would leave Bradenton, Florida, after 16 years because it required more space. Following an eight-month site search, the U.S. headquarters moved to the Osprey Commerce Center in Sarasota in August 2013. The company required the access road’s name to be changed from Arthur Andersen Boulevard before occupying the site; it became Paramount Drive. Acquisitions were central to IPG’s product and market expansion during the 2010s. In April 2015, the company agreed to purchase Better Packages of Ansonia, Connecticut, whose products included dispensers for water-activated tape. In November 2015, IPG announced an approximately $11 million purchase of RJM Manufacturing of Fairless Hills, Pennsylvania, which made TaraTape filament and pressure-sensitive tapes. In February 2016, IPG announced plans to build a water-activated-tape plant in Midland, North Carolina. The planned investment was approximately $40 million, and the site covered 33 acres. The Menasha, Wisconsin facility, which also made water-activated tape, was expected to remain open. The company announced a further expansion investment of approximately $13.5 million in October 2017. On July 1, 2017, IPG completed the acquisition of Canadian Technical Tape, or Cantech, a Montreal-based supplier of industrial and specialty tapes with an established North American brand. The company’s operating network eventually included dozens of locations, including manufacturing sites in North America and Europe and facilities or offices in Asia. Reported locations included sites in Canada, the United States, Germany, Portugal, the United Kingdom, China, and India. Around 2015, approximately 80 percent of sales were made in the United States, with Canada and Mexico accounting for a further 10 percent. IPG’s public-company period ended in 2022. Clearlake Capital Group purchased all of the company’s shares, and IPG was delisted from the Toronto Stock Exchange in June of that year. The transaction changed its ownership and listed status but did not eliminate the operating business, which continues to be associated with packaging tapes, films, protective materials, and packaging systems.
- 2022
IPG becomes privately owned
[1]Clearlake Capital Group purchased all shares, and Intertape Polymer Group was delisted from the Toronto Stock Exchange.
- 2017
Cantech acquisition completed
[1]IPG completed its acquisition of Canadian Technical Tape, a supplier of industrial and specialty tapes.
- 2016
Midland water-activated-tape plant announced
[1]The company announced plans for a new production facility in Midland, North Carolina.
- 2015
Better Packages and RJM Manufacturing acquisitions
[1]IPG expanded into tape-dispensing equipment and additional filament and pressure-sensitive tape products through two acquisitions.
- 2013
U.S. headquarters moved to Sarasota
[1]IPG relocated its U.S. headquarters from Bradenton to Sarasota, Florida, to obtain additional space.
- 2012
Richmond plant closure and shrink-film transfer
[1]The Richmond, Kentucky plant was closed, while shrink-film production moved from Truro, Nova Scotia, to Tremonton, Utah.
- 2011
Brantford facility closed
[1]IPG closed its Brantford, Ontario plant as part of an operating-efficiency program.
- 2010
Greg Yull succeeds Melbourne Yull
[1]Greg Yull took over leadership and initiated pricing, operating, and facility changes intended to improve profitability.
- 1993
Company incorporated
[1]Intertape Polymer Group was incorporated in Montreal on August 31.
- 1981
Intertape Polymer Group founded
[1]Melbourne F. Yull established the tape business in Montreal.
Products and positioning
A global industrial packaging-solutions provider combining adhesive tapes, films, protective materials, and dispensing equipment for shipping, manufacturing, construction, and maintenance applications.
Adhesive tapes
Pressure-sensitive tapes
IPG produces paper-based and film-based pressure-sensitive tapes for packaging, bundling, repair, construction, manufacturing, and specialty industrial uses. These tapes use an adhesive coating that bonds under applied pressure and can be supplied in products designed for carton sealing, surface protection, splicing, marking, or maintenance applications.
Packaging tape
Water-activated tape
Water-activated tape is used primarily to seal corrugated cartons and shipping packages. The adhesive is activated with water before application, allowing the tape to bond with the carton surface. IPG’s portfolio includes both the tape itself and equipment used to dispense it, making the category an integrated packaging-system offering.
Filament and specialty tapes
TaraTape
TaraTape products were associated with RJM Manufacturing, acquired by IPG in 2015. The range included filament tape and pressure-sensitive tape products intended for packaging, bundling, reinforcement, and industrial applications.
Packaging equipment
Better Packages dispensers
Better Packages supplies dispensers for water-activated packaging tape. IPG acquired the Ansonia, Connecticut company in 2015, adding dispensing equipment to its tape and packaging-systems portfolio and allowing customers to source tape and application hardware within the same corporate group.
Packaging films
Stretch and shrink films
IPG manufactures film-based packaging materials, including stretch and shrink films. These products are used to stabilize, wrap, bundle, protect, or unitize goods during storage and transportation. The company transferred shrink-film production from Truro, Nova Scotia, to Tremonton, Utah, in 2012.
Brand decisions
2022
Take-private transactionM&ABackground
IPG operated as a public company listed on the Toronto Stock Exchange under the ITP symbol.
Action taken
Clearlake Capital Group purchased all outstanding shares and took the company private.
Aftermath
IPG was delisted from the Toronto Stock Exchange in June 2022 and ceased to be a publicly traded issuer.
2017
Acquisition of Canadian Technical TapeM&ABackground
Canadian Technical Tape, also known as Cantech, was an established Montreal-based supplier of industrial and specialty tapes.
Action taken
IPG completed the acquisition on July 1, 2017.
Aftermath
The transaction strengthened IPG’s North American industrial and specialty-tape portfolio.
2016
Investment in Midland, North Carolina production capacityStrategyBackground
IPG wanted additional capacity for water-activated tape while maintaining its existing Menasha, Wisconsin operation.
Action taken
The company announced plans for a new plant on 33 acres in Midland, North Carolina.
Aftermath
The planned facility represented a major expansion of the water-activated-tape manufacturing network.
Planned investment. $40 million (Announced February 2016; planned by 2017)
2015
Acquisition of Better PackagesM&ABackground
IPG sought to expand its packaging-systems capabilities beyond adhesive materials.
Action taken
The company acquired Better Packages, a manufacturer of water-activated tape dispensers.
Aftermath
The transaction added dispensing equipment to IPG’s water-activated-tape offering.
2015
Acquisition of RJM ManufacturingM&ABackground
RJM Manufacturing supplied filament and pressure-sensitive tapes through its TaraTape products.
Action taken
IPG announced an approximately $11 million acquisition of RJM Manufacturing.
Aftermath
The acquisition broadened IPG’s industrial and specialty tape portfolio.
Purchase price. $11 million (Announced November 2015)
2010
Shift toward cost-disciplined pricing and operationsStrategyBackground
After taking over leadership, Greg Yull inherited a business that had used low pricing to support sales growth even as manufacturing costs increased.
Action taken
Management stopped relying on prices that failed to reflect rising production costs and closed or reorganized inefficient facilities.
Aftermath
The measures were described as contributing to a turnaround after recessionary, competitive, and financial pressures.
Recent events
- 2022
Intertape Polymer Group taken private by Clearlake Capital Group[1]
M&A
All shares of IPG were purchased by Clearlake Capital Group, and the company was delisted from the Toronto Stock Exchange.
- 2017
IPG completes acquisition of Canadian Technical Tape[1]
M&A
IPG completed its acquisition of Canadian Technical Tape, also known as Cantech, a Montreal-based supplier and brand of industrial and specialty tapes.
- 2016
IPG plans water-activated-tape plant in Midland, North Carolina[1]
Other
The company announced plans for a roughly $40 million production facility on a 33-acre site in Midland, North Carolina, while keeping its Menasha, Wisconsin plant open.
- 2015
Intertape Polymer Group announces acquisition of Better Packages[1]
M&A
IPG agreed to acquire Better Packages, a Connecticut company established in 1917 and known for water-activated tape dispensers.
- 2015
Intertape Polymer Group acquires RJM Manufacturing[1]
M&A
IPG announced an approximately $11 million acquisition of RJM Manufacturing, maker of TaraTape filament and pressure-sensitive tapes.
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