SCA to increase kraftliner prices by €50 per tonne

Intertape Polymer Group Inc. announced that it has entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”). Under the terms of the agreement, Clearlake will acquire the outstanding shares of IPG for CDN$40.50 per share in an all-cash transaction valued at approximately US$2.6 billion, including net debt. This represents a premium of approximately 82% to the closing price of IPG common shares on the Toronto Stock Exchange on March 7, 2022 and approximately 66% to the volume weighted average trading price of IPG common shares on the Toronto Stock Exchange for the preceding 30 trading days. Upon completion of the transaction, IPG will become a privately held company. “We believe this transaction is a great next step in the evolution of our business as Clearlake has strong industry knowledge in the protective packaging and e-commerce ecosystems. Clearlake provides us the operational and financial resources to accelerate our acquisition strategy, as well as organic growth opportunities such as investing in product innovation, sustainability, and market expansion,” said Greg Yull, President and Chief Executive Officer of IPG. “We have built a scaled business serving a diverse set of growing end markets, and have seen particularly strong growth in our large e-commerce segment. Clearlake’s investment reflects its confidence in our people, processes, and strategy, and this transaction will advance our vision of becoming a global leader in packaging and protective solutions. We believe this all-cash transaction represents an attractive return and provides certainty for our shareholder base.”

In research published in Advanced Science, investigators drew inspiration from the octopus to develop an adhesive that achieves strong attachment and controlled release on varied substrates in wet and underwater environments. The feat could have numerous applications in fields ranging from healthcare and underwater robotics to infrastructure repair. By studying the octopus’s suckers—specifically, the exposed disc-like portion called the infundibulum—the researchers designed an elastic, curved stalk with a membrane that can change its shape and adhere to multiple surfaces. Underwater, the octopus-inspired adhesive strongly attached to complex objects from lightweight shells to large rocks and soft gel beads with different roughness, curvature, and hardness. The adhesive could be rapidly attached to these objects over many cycles and over long times and then be quickly released on demand.

In order to ship summer produce like peaches, tomatoes, and berries safely, it’s important to partner with a packaging company that understands the unique needs of agricultural packaging. Each crop requires special handling and unique packaging design in order to ensure food safety and minimize loss. The following considerations are key to ensuring successful shipping from farm to store. •Ventilation: allows heat to escape and accelerate cooling •Protection: reduce loss through successful package design •Water Loss Reduction: maintain freshness by reducing the potential for water loss. Click Read More below for additional detail.