Amcor introduced ACT2100™ heat seal coating for medical grade DuPont™ Tyvek®2 and paper packaging applications. This next generation coating technology delivers enhanced performance features for healthcare applications and will be produced in multiple locations worldwide to offer customers increased flexibility to be supplied from the most suitable location for the manufacturing and packaging of their devices. Customers choosing ACT2100 will benefit from the solution’s broader seal range in combination with numerous materials, allowing for a wider operating window in their manufacturing operations, as well as enhanced seal strength for more robust package integrity through distribution. Consumers will enjoy speedier ethylene oxide sterilization cycles thanks to the material’s improved porosity, a fiber-free peel, and a bright, white adhesive that does not yellow. In addition, documentation and data will be available to support healthcare packaging regulatory requirements in all regulated markets.
Intertape Polymer Group Inc. (TSX: ITP) (“IPG” or the “Company”) is pleased to announce that the Superior Court of Québec has issued a final order approving the previously announced acquisition of the Company by an affiliate of Clearlake Capital Group, L.P. (the “Purchaser”) by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act (the “Arrangement”). Pursuant to the terms of the Arrangement, the Purchaser will acquire all of the outstanding shares of the Company for a consideration per share of CDN$40.50 in cash.
Subject to the satisfaction or waiver of the remaining conditions to closing contained in the Arrangement agreement with the Purchaser, the Arrangement is expected to close early in the third quarter of 2022.