-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MxKSqwv5kEWvY3vGLpfXkQIx2MUDOCdd91fjWwpk2MqzjtmqdilGMXAyUrT6mV9l Z6zxsXV78Hf+gNHUKOOQ1w== 0001047469-97-008466.txt : 19971223 0001047469-97-008466.hdr.sgml : 19971223 ACCESSION NUMBER: 0001047469-97-008466 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19971219 FILED AS OF DATE: 19971222 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERTAPE POLYMER GROUP INC CENTRAL INDEX KEY: 0000880224 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 000000000 STATE OF INCORPORATION: A8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 001-10928 FILM NUMBER: 97742033 BUSINESS ADDRESS: STREET 1: 110E MONTEE DE LIESSE STREET 2: ST LAURENT CITY: QUEBEC H4T 1N4 CANAD STATE: A8 BUSINESS PHONE: 5147310731 MAIL ADDRESS: STREET 1: 110 E MONTEE LIESSE CITY: ST LAURENT STATE: A8 ZIP: 00000 6-K 1 FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a - 16 or 15d-16 of the Securities Exchange Act of 1934 For the month of December, 1997 Intertape Polymer Group Inc. 110E Montee de Liesse, St. Laurent, Quebec, Canada, H4T 1N4 [Indicate by check mark whether the registrant files or will file annual reports under over Form 20-F or Form 40-F. Form 20-F X Form 40-F -------- -------- [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X -------- -------- [If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ----- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. INTERTAPE POLYMER GROUP INC. December 19, 1997 By: /s/ Andrew M. Archibald C.A. ------------------------------- Vice President, Finance & Chief Financial Officer EX-99.1 2 EXHIBIT 99.1 December 12, 1997 AMEX SYMBOL: ITP T.S.E. SYMBOL: ITP INTERTAPE POLYMER GROUP INC. ANNOUNCES A NORMAL COURSE ISSUER BID Montreal, Quebec, Canada, December 12, 1997 - Intertape Polymer Group Inc. announces that, subject to regulatory approval, on December 16, 1997 it will begin a normal course issuer bid to purchase some of its common shares on The Toronto Stock Exchange and on the American Stock Exchange. Under the bid, the Corporation may purchase up to 1,250,000 shares, representing approximately 5% of the 25,019,921 common shares presently outstanding. These purchases shall be made in accordance with applicable regulations over a maximum period of 12 months ending December 15, 1998. The directors of Intertape Polymer Group Inc. believe that the purchase by the Corporation of its own shares may, in appropriate circumstances, be a responsible investment of funds on hand, and any purchases made will be made on that basis. The Corporation has not made a normal course issuer bid within the past 12 months. Intertape Polymer Group Inc. develops and manufacturers a variety of specialized polyolefin plastic and paper based packaging products for industrial uses. The Company is based in Montreal, Quebec with manufacturing facilities in nine North American and one European location. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Melbourne F. Yull Chairman & Chief Executive Officer Intertape Polymer Group Inc. Tel: (514) 731-0731 EX-99.2 3 EXHIBIT 99.2 December 16, 1997 AMEX SYMBOL: ITP T.S.E. SYMBOL: ITP INTERTAPE POLYMER GROUP INC. ANNOUNCES THE ACQUISITION OF AMERICAN TAPE CORPORATION Montreal, Canada, December 15, 1997 - Intertape Polymer Group Inc. announced today that it's US subsidiary has completed the previously announced agreement with STC Corp., and has acquired all outstanding shares of American Tape Corporation. American Tape manufactures an extensive line of pressure sensitive tapes and shrink film with facilities located in Michigan and Kentucky. IPG paid approximately US$43 million for 100% of the shares and re-financed American Tape's long-term debt of approximately US$76 million. Funding for this acquisition and refinancing was provided by Canadian and American banks. IPG expects to repay these loans in the near future through the issue of US$125 million ten-year debentures and still maintain short term acquisition financing and credit facilities of some US$83 million for future use. The acquisition of American Tape is a major strategic move in expanding IPG's existing product lines to provide better service and increase product supply to its industrial customer base. American Tape is a leading producer of a full range of masking and filament pressure sensitive tapes as well as specialty tapes, products that IPG does not currently manufacture. In addition, American Tape's 1,000+ customer base will broaden the scope of potential buyers for Intertape products. There is a minimal percentage of overlap with current IPG accounts. The acquisition will facilitate significant cost improvements due to the elimination of duplicate overhead and staffing, while streamlining distribution assets and a reduction of manufacturing and raw material costs. This will provide a substantial opportunity for IPG to increase sales and enhance its goal to remain a low-cost producer and global manufacturer. Currently, the combined sales of both companies are approximately CDN$550 million. Intertape Polymer Group Inc. develops and manufacturers a variety of specialized polyolefin plastic and paper based packaging products for industrial uses. The Company is based in Montreal, Canada and prior to this acquisition had manufacturing facilities in nine North American and one European location. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Melbourne F. Yull Chairman & Chief Executive Officer Intertape Polymer Group Inc. Tel: (514) 731-0731 -----END PRIVACY-ENHANCED MESSAGE-----