Intertape Polymer Group Inc. (TSX:ITP) entered into a definitive agreement to acquire Nuevopak Global Limited for $43.8 million on June 30, 2021. Total cash consideration consists of $34.8 million to be paid at closing and the remaining amount, subject to certain post-closing adjustments and potential contingent consideration, to be paid within three years from the date of closing. Intertape Polymer expects to finance the acquisition with funds available under its $600 million credit facility. Intertape Polymer Group expects to achieve a post-synergy adjusted EBITDA acquisition multiple that is approximately 5x by 2023. The acquisition is subject to customary closing conditions and approvals and is expected to close in the third quarter of 2021. Intertape Polymer Group Inc. (TSX:ITP) acquired Nuevopak Global Limited for $37.3 million on July 30, 2021. The consideration amount consisting of $34.5 million paid at closing (net of cash received) and the remaining amount, subject to certain post-closing adjustments and potential contingent consideration, to be paid within three years from the date of closing.