Better Packages Inc. ("Better Packages" or "BPI") was sold to a subsidiary of Intertape Polymer Group (TSX: ITP), a leading manufacturer of packaging products and machinery. Carter Morse & Mathias served as BPI's exclusive financial advisor for the transaction, which closed on April 7, 2015. Founded in 1917, Better Packages is a leading manufacturer of table-top water activated tape dispensers used in carton sealing. Its product line includes auto-dispensing electric machines that are used in high volume fulfillment centers, as well as manual dispensers. BPI sells its products under the Better Packages and Better Pack brands, which are among the most recognized brands worldwide in carton sealing. In the U.S., Better Packages sells through multiple channels including a distribution network of over 160 authorized distributors in the U.S. and 50 international distributors that service over 70 countries.
