M&A Deal Summary

IPG Acquires Nortech Packaging

On February 12, 2020, IPG acquired machinery company Nortech Packaging for 37M USD

Acquisition Highlights
  • This is IPG’s 1st transaction in the Machinery sector.
  • This is IPG’s 3rd largest (disclosed) transaction.
  • This is IPG’s 4th transaction in the United States.
  • This is IPG’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-02-12
Target Nortech Packaging
Sector Machinery
Buyer(s) IPG
Deal Type Add-on Acquisition
Deal Value 37M USD
Advisor(s) XLCS Partners, Inc. (Financial)

Target

Nortech Packaging

Schaumburg, Illinois, United States
Nortech Packaging specializes in both delivering and providing after-market servicing of world-class packaging machines designed for cartooning, case-packing, case-erecting, pouch-packaging, palletizing and other custom-infeed and robotic solutions for various packaging applications. Nortech designs and manufactures high-quality, high-efficiency packaging machinery, and packaging systems that are used worldwide in most major industries including food, pharmaceutical, eCommerce, confections, personal care and cosmetics, beverage, and many others.

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Buyer(S) 1

Buyer

IPG

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Packaging
Employees4,100
Revenue 1.2B CAD (2020)
DESCRIPTION

IPG develops, manufactures, and sells a variety of paper and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products, and packaging machinery for industrial and retail use. IPG was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 6 of 7
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 5 of 6
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Polyair Inter Pack

Toronto, Ontario, Canada

Polyair Inter Pack, Inc. is a manufacturer and marketer of protective packaging products, including air bubble packaging, mailers, foam laminates, insulation and integrated packaging systems. Polyair Inter Pack was founded in 1968 and is based in Toronto, Ontario.

Buy $146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Nuevopak

Kowloon, China

Nuevopak designs and develops a range of machines to provide void-fill and cushioning protective packaging solutions. Nuevopak is based in Kowloon, Hong Kong.

Buy $44M