Intertape Polymer Group Inc. opens a production plant in Great Britain | News

MONTREAL & SARASOTA, Florida, May 11, 2022 (GLOBE NEWSWIRE) – Intertape Polymer Group Inc. (TSX: ITP) (“IPG” or the “Company”) announces the opening of the Company’s newest facility in Widnes, UK, famous. The plant will be fully operational in the second quarter of 2022. The facility will meet the region’s growing demand for sustainable packaging solutions, with an emphasis on the production and distribution of IPG’s Curby Mailer ™.

“Extending our global footprint with a manufacturing facility in Widnes enables IPG to serve the e-fulfillment market with sustainable packaging products in the UK market. This state-of-the-art manufacturing facility is the perfect complement to the existing high-level package and creates the conditions for IPG’s growing presence in the European market,” said Zach Kissel, vice president of global electronic fulfillment at IPG.

Curby Mailer is a triple-laminated shipping envelope. A patented manufacturing process allows the use of a honeycomb structure in the paper envelope sandwiched between the inner and outer layers of paper, resulting in a padded shipping envelope. “This unique production method provides edge-to-edge and seam-to-seam cushioning. This makes Curby Mailer the most effective form of permanent airbag replacement on the market, ”explained Kissel. Visit this link to learn more about Curby Mailer – https://www.mycurby.com/en/curbyvideos.

IPG’s production facility in Widnes plans to install new Curby® production lines to meet the needs of the company’s customers in the market. As the company grows, the manufacturing facility will also serve as a distribution center for Curby’s full range of sustainable packaging products to support the growing UK and European e-fulfillment market. In addition to Curby Mailer, the complete Curby line includes IPG Water Activated Adhesive Tape, also known as “Gum Tape”, paper gap filling solutions and paper based solutions for wrapping fragile items. IPG also intends to adapt machines designed to dispense a range of sustainable packaging solutions. In addition, the premises will serve as a service center for the company’s field service engineers in the UK.

ABOUT THE INTERTAPE GROUP OF POLYMERS
Intertape Polymer Group Inc. is a recognized leader in the design, manufacture and sale of a wide range of self-adhesive and water-activated self-adhesive tapes, stretch and shrink films, protective packaging, woven and non-woven products, and paper and film-based packaging machines for industrial and retail customers. Headquartered in Montreal, Quebec (Canada) and Sarasota, Florida (US), IPG employs approximately 4,200 people at 34 locations, including 22 manufacturing facilities in North America, five in Asia and two in Europe. Information about the company can be found on www.itape.com.

FORWARD STATEMENTS
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Stock Exchange Act 1934, as amended. as amended (collectively, “forward-looking statements”) issued based on the protection of such rights for forward-looking statements. All statements in this press release other than statements relating to historical facts, including, but not limited to, statements regarding the future use of the Widnes facility by the Company, the Company’s future presence and performance in the UK and European markets, the Company’s ability to operate a UK field technician service center United Kingdom, the installation by the Company of certain production lines at its Widnes facility and the ability to distribute certain products from the United Kingdom may constitute forward-looking statements. These forward-looking statements are based on management’s current beliefs, assumptions, expectations, estimates, forecasts and projections. Words such as “may”, “will”, “should”, “expect”, “continue”, “intend”, “estimate”, “anticipate”, “plan”, “anticipate”, “believe” or “aim” or the negatives of these terms or their variations or similar terminology are intended to identify such forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are appropriate, by their nature these forward-looking statements involve risks and uncertainties and are not guarantees of future results. Such statements are also subject to assumptions regarding, inter alia: the expected fulfillment of the conditions for closing the acquisition of the Company by the buyer, business conditions and the growth or decline in the Company’s industry, industries of the Company’s clients and the general economy, including, inter alia, COVID-19 impact score; expected benefits from investments implemented by the Company from scratch and other restructuring activities; expected benefits from the expansion of production capacity in the Company’s production plants; the impact of fluctuations in commodity prices and freight costs, including availability and prices, caused by supply chain disruptions; Selling prices, including maintaining dollar spreads due to higher raw material and freight costs; the impact of new accounting standards, including the impact of new accounting for leases; expected benefits from acquisitions of the company and companies; expected benefits from the Company’s capital expenditure; quality and market acceptance of the company’s products; anticipated business strategies of the Company; litigation risk and costs; legal and regulatory changes, including those related to COVID-19; the company’s ability to maintain and improve quality and customer service; expected trends in the company’s operations; expected strategic and financial benefits from the capital investment programs as well as mergers and acquisitions implemented by the Company; expected cash flows from the company’s operations; availability of funds under the Company’s loan in 2021; the Company’s flexibility to allocate capital as a result of an unsecured senior bond offering; and the Company’s ability to continue to control costs. The company cannot guarantee that these estimates and expectations will prove correct. Actual results and results may, and often, differ from what is expressed, implied or anticipated in such forward-looking statements, and such differences may be material. Readers are cautioned not to rely unduly on forward-looking statements. For additional information on important factors that could cause actual results to differ materially from those expressed in these forward-looking statements, and other risks, uncertainties and assumptions underlying forward-looking statements, see “Section 3 Key Information – Risk Factors “,” Item 5 Review and Operating and Financial Outlook (Management’s Discussion and Analysis) “and statements elsewhere in the Company’s Annual Report on Form 20-F for the year ended December 31, 2021 and other statements and factors contained in the Company’s documents with Canadian securities regulators and with the US Securities and Exchange Commission. Each of these forward-looking statements is correct as at the date of this press release. The Company will not update these statements, except as required by applicable securities laws.

FOR INFORMATION, PLEASE CONTACT:
Zach Kissel
Vice President of Global E-Fulfillment
Telephone: (941) 739-7525
E-mail: zkissel@itape.com

A photo of this message can be found at: https://www.globenewswire.com/NewsRoom/AttachmentNg/65045a38-d064-4ac6-a1cc-a2be6095eab3



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