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Good Natured Products acquires Illinois-based sheet maker Ex-Tech Plastics - Canadian Plastics


Vancouver-based bioplastics maker Good Natured Products Inc. is acquiring Ex-Tech Plastics Inc., an extruder of rigid plastic sheets headquartered in Richmond, Ill., for US$14.1 million.
The deal includes all of Ex-Tech’s operating assets along with real estate owned by a related company, ETP Inc.
Founded in 1982, Ex-Tech operates seven different extrusion lines in a dedicated 75,000-square-foot facility, and serves the retail, food, and medical packaging sectors. Its customers are primarily located in the midwestern and southwestern U.S.
“[Our] long-standing partnership with Ex-Tech…dates back well before March 2016 when we acquired Ex-Tech’s bioplastic division,” said Good Natured Products’ CEO Paul Antoniadis. “The combined entity positions us as one of North America’s leading commercial sheet extruders, serving over 200 thermoforming packaging companies across North America. This acquisition firmly secures the company’s market positioning within o ....

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good natured Products Inc. Announces the Closing of its Acquisition of Integrated Packaging Films


good natured Products Inc. Announces the Closing of its Acquisition of Integrated Packaging Films
Vancouver, British Columbia (Newsfile Corp. - December 22, 2020) - good natured Products Inc. (TSXV: GDNP) (the Company or
good natured® ), today announced that it has closed the strategic acquisition of, through a wholly owned subsidiary, IPF Holdings Inc. dba Integrated Packaging Films ( IPF ), for $16.7 million (the Acquisition ). All dollar figures in this release are in Canadian dollars unless noted otherwise.
The terms of the Acquisition were first announced on December 1, 2020, and the purchase price was paid through a combination of the previously announced $12.5 million in cash, the issuance of $833,467 in common shares of the Company ( Common Shares ) at a deemed price of $0.47 per Common Share, and the issuance of a $3.3 million vendor take-back note, subject to customary working capital and closing adjustments. ....

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