Several Koehler flexible packaging paper have been certified by the environmental services provider Interseroh and awarded the „Made for Recycling“ seal. This includes Koehler NexPlus® Advanced, Koehler NexPlus® Seal Pure and Koehler NexPlus® Seal Pure MOB. Among other things, the after-life aspects of collection, sorting and recovery were analyzed. With this seal, the environmental services provider Interseroh certifies that the paper has a very good recycling capability. With Koehler NexPlus®, Koehler Paper is meeting the rapidly growing demand for sustainable packaging solutions - and this extends beyond just the food industry. Koehler NexPlus® paper has a barrier coating with various capabilities and characteristics. In particular, these include barriers for odors, greases, oils, water vapor, or gases, which combine with the paper's inherent capabilities, such as high strength properties and a natural feel, to create a strong overall concept. The advantage of Koehler’s NexPlus® barrier paper is that it is manufactured from sustainable raw materials. After use, it is classified as wastepaper and is thus a sought-after recycled raw material.
Intertape Polymer Group Inc. (TSX: ITP) (“IPG” or the “Company”) is pleased to announce the receipt of the approval under the Investment Canada Act in respect of the previously announced acquisition of the Company by an affiliate of Clearlake Capital Group, L.P. (the “Purchaser”) for CDN$40.50 per share by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act (the “Arrangement”).
The parties to the Arrangement intend to complete the Arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions.
Pursuant to the terms of the agreement in respect of the Arrangement, the quarterly dividend of US$0.17 per share announced on May 11, 2022 will be paid immediately prior to the closing of the Arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions, and the payment date of the dividend has been changed to such date. The dividend record date of June 15, 2022 remains unchanged.