Prospector
Profile
07.1059
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| Intertape Polymer US, Inc. |
NAICS |
326100 |
| 3647 Cortez Road West
Bradenton, FL 34210 |
Description |
Plastics Mfg. |
| (941) 727-5788 |
Employees |
0 |
| http://www.intertapepolymer.com/ |
Revenue |
(mil) |
801.8400 |
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Income |
(mil) |
27.7900 |
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Assets |
(mil) |
889.3200 |
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Liability |
(mil) |
454.9000 |
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(for the year ended 2005-12-31) |
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Category:
Low Rating
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Event:
Moody's Investors Service placed Intertape Polymer US, Inc.'s 'Caa2'-rated senior subordinated regular bond/debenture under review for further downgrade as a result of the company's recent announcement that shareholders rejected the sale of the company to Littlejohn Fund III LP. The review was prompted by Moody's concern with the company's ability to meet the financial covenants in its $75 million secured revolving credit facility over the next 3-6 months.
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Intellectual Property:
The Company has approximately 146 active registered trademarks, 51 in the United States, 34 in Canada, and 61 foreign, which include trademarks acquired from American Tape, Anchor, Rexford Paper Company, Central Products Company, and Flexia. The Company currently has 17 pending trademark applications in the United States and 4 in Canada. It does not have patent protection for its carton sealing tape products. However, the Company has pursued patents in select areas where unique products offer a competitive advantage in profitable markets, primarily in engineered coated products for which the Company has 6 patents and 4 patents pending, film for which it has 9 patents and 1 patent pending, tape products for which it has 5 patents and 7 patents pending, adhesive products for which it has 2 patents and 1 patent pending, container products for which it has 1 patent, and retail for which it has 2 patents pending. [SEC Filing 40-F 04-02-07]
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Description:
The Company develops, manufactures and sells specialized polyolefin plastic and paper based packaging products and complementary packaging systems for industrial and retail use.
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Officers:
Melbourne F. Yull (Chair & CEO); Gregory A. Yull (Pres.-Distribution Products); Duncan R. Yull (EVP-Strategic Planning & International Business); Jim Bob Carpenter (EVP-Global Sourcing); H. Dale McSween (EVP-Operations); Andrew M. Archibald (CFO & Sec.); Burgess H. Hildreth (VP-HR); James A. Jackson (VP & CIO); Victor DiTommaso (VP-Finance & Treas.)
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Auditor:
Raymond Chabot Grant Thornton LLP
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Securities:
8.5% senior subordinate notes due Aug. 1, 2014
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Notes:
Information on officers, financials, accountants and securities are that of its parent, Intertape Polymer Group, Inc.
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