Sarasota tape maker makes acquisition of $18M firm

SARASOTA — Intertape Polymer Group, a manufacturer of packaging products and machinery with dual headquarters in Montreal and Sarasota, acquired an $18 million Connecticut company that makes tape dispensers used in high-volume fulfillment centers.

The firm Intertape acquired is Ansonia, Conn.-based Better Packages, which makes products called water-activated tape dispensers. Terms of the deal weren't disclosed. The acquisition, according to a release, was financed with funds from IPG's revolving credit facility. The deal is expected to be accretive to IPG's earnings in 2015.