Intertape Polymer Group goes private

Montreal, QB – Intertape Polymer Group Inc. announced that the acquisition of the Company by an affiliate of Clearlake Capital Group, L.P. by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act was completed. Under the terms of the Arrangement, the Purchaser has acquired all of the outstanding shares of the Company for CDN$40.50 per share.

Consideration for the purchased shares of the Company has been paid to TSX Trust Company, as depositary under the Arrangement, and will be provided to former shareholders as soon as reasonably practicable after the date hereof (or, in the case of registered shareholders, as soon as reasonably practicable after a properly completed and signed letter of transmittal is received by the depositary together with the share certificate(s) and/or Direct Registration System (DRS) Advice(s) representing shares formerly held by them).