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Montreal, Quebec and Bradenton, Florida – February 4, 2004 - Intertape Polymer Group Inc. (NYSE, TSX: ITP) today announced that it has completed the purchase of certain assets relating to the masking tape and duct tape operations of tesa tape, inc. (“tesa”), as well as finalized its three-year agreement to supply duct tape and masking tape products to tesa worldwide. All production of these tapes has been transferred to the Company’s Columbia, South Carolina operation.
About Intertape Polymer
Group
Intertape Polymer Group is a recognized leader in the development and
manufacture of specialized polyolefin plastic and paper based packaging
products and complementary packaging systems for industrial and retail use.
Headquartered in Montreal, Quebec and Sarasota/Bradenton, Florida, the Company
employs approximately 2,600 employees with operations in 19 locations,
including 15 manufacturing facilities in North America and one in Europe.
Safe Harbor Statement
Certain statements and information included in this
release constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied in such forward-looking statements. Additional discussion
of factors that could cause actual results to differ materially from
management's projections, estimates and expectations is contained in the
Company's SEC filings. The Company undertakes no duty to update its forward-
looking statements, including its earnings outlook.
For more information contact:
Melbourne F. Yull
Chairman and Chief Executive Officer
Intertape Polymer Group Inc.
Tel.: 866-202-4713
Fax: 941-727-3798
itp$info@itape.com
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