News Article | June 23, 2017
ATLANTA--(BUSINESS WIRE)--The Atlanta Chapter of the Association for Corporate Growth® (ACG), a global professional organization with the mission of Driving Middle-Market Growth®, recently announced the 2017 Georgia Fast 40, recognizing the top 40 fastest-growing middle-market companies in Georgia. IPG, the industry-leading provider of Device Benefit Management solutions, was recognized for its excellence in growth for the 2017 Awards, receiving a 14th place ranking. “As our Health Plan partners continue to implement programs that effectively manage overall surgical spend, IPG serves as a valuable partner to help them reduce those costs by ensuring optimal cost and quality of device and site of care,” said Vince Coppola, President and CEO of IPG. “We are fortunate to have a business with the mission of making health care more affordable, and we continue to expand our programs and grow the talent and expertise on our team, which has resulted in our significant growth over the past several years.” Applicants were required to submit three years of verifiable revenue and employment growth records, which were validated by national accounting firm and founding Diamond sponsor, Cherry Bekaert LLP. An ACG Selection Committee evaluated each application and conducted in-person interviews with all qualified applicants. All companies on the list are for profit, headquartered in Georgia and reported 2016 annual revenues ranging from $15 to $500 million. “These 40 companies represent 9,574 new jobs and $2.03 billion in revenue growth over the last two years alone,” said Justin Palmer, chairman of the 2017 Georgia Fast 40 Awards and Vice President at Genesis Capital, LLC. “We are proud to honor these great companies in our communities.” IPG is the leading provider of Device Benefit Management solutions, working with health plans, manufacturers, providers, surgical facilities and patients across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. For more information about IPG, call us at 866.753.0046, or visit us on the web at www.ipg.com. ACG comprises more than 14,500 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 59 chapters in North America and Europe. Founded in 1974, ACG Atlanta is one of the oldest and most active chapters, providing the area's executives and professionals a unique forum for exchanging ideas and experiences concerning organic and acquisitive growth. Programs include Atlanta ACG Capital Connection, The Georgia Fast 40 Honoree Awards and Gala, a Wine Tasting Reception, a Deal of the Year event as well as an active Women’s Forum and Young Professionals group.
News Article | December 5, 2016
ATLANTA--(BUSINESS WIRE)--IPG, the recognized industry-leading provider of Device Benefit Management solutions, announced today that Neepa Patel will join IPG as Chief Growth Officer. Neepa will be integral to the organization as it continues to expand its services in the medical device space in the coming years. With twenty years of experience in health care strategy, product and business development, Neepa will be a great asset to the IPG leadership team. Neepa has worked closely with a number of health plans, including Blue Cross and Blue Shield (BCBS) health plans during her time at Blue Cross and Blue Shield Association (BCBSA), in various leadership roles. Most recently, she also served on the leadership teams of AVIA Health Innovation, Evolent Health and AIM Specialty Management, where she was critical in executing a successful growth strategy that made AIM the leader in Radiology Benefits Management. Neepa earned a Bachelor of Science degree at Duke University and a Master of Health Services Administration from University of Michigan. “Neepa has an outstanding track record in providing strategic leadership to the organizations she has been a part of throughout her impressive career,” said Vince Coppola, President and CEO of IPG. “With a strong understanding of both the challenges and opportunities facing the health care industry, we are fortunate to have Neepa leading our exciting business expansion strategies. Neepa will be a tremendous asset to our business growth and we are excited to have her on our executive team.” IPG continues to grow its partnerships with all of the major payers across the country to provide cost effective surgical care solutions, which reduces costs while ensuring high quality care for consumers. As IPG’s solutions set continues to grow, Neepa will be instrumental in further expanding our key national and regional health plan partnerships as well as developing and securing new business across the country. This will support IPG in delivering on our strategy of providing transparency, predictability and cost savings on medical devices, ensuring high quality optimal site of care, and helping to lower the cost of the overall surgical care episode which will save money for our health plan partners and patients. “Providing cost effective, high quality surgical care solutions are critical for our health plan partners and patients. I look forward to working with IPG’s management team to execute on our product and growth strategies,” said Neepa Patel. “I’m excited to join the executive team and further strengthen IPG as the leader in surgical care solutions.” IPG is the leading provider of Device Benefit Management solutions, working with the top health plans and their provider partners across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. For more information about IPG, call us at 866.753.0046, or visit us on the web at www.ipg.com.
News Article | February 20, 2017
ATLANTA--(BUSINESS WIRE)--IPG, the recognized industry-leading provider of Device Benefit Management™ solutions has named Anne Pukstys Senior Vice President of Client Development. In this role, Anne will continue to grow IPG’s footprint with both new and existing health plan clients and help them gain maximum value from their partnership with IPG. With more than 25 years of experience in healthcare, Anne’s unique mix of strategic and operational experience will be a key asset for both IPG and their clients. Prior to joining IPG, Anne worked in a variety of leadership positions, serving both providers and health plans. Most recently Anne held several leadership positions at AIM Specialty Health in Chicago, Illinois, focusing on client retention and management, which resulted in exponential growth for the company. Her experience managing the preferred provider networks for the Blue Cross Blue Shield Federal Employee Health Benefit Plan (FEP) gives her a comprehensive understanding of the BCBS claims management process. Additionally, Anne has worked with both Tenet Health Care Corporation and Humana Health Care Plans, working in Health Plan Operations and Network Development, respectively. “Anne’s insight into health plan operations coupled with her provider network management experience will be invaluable to us and to our clients as they implement the IPG program,” said Neepa Patel, Chief Growth Officer of IPG. “We are highly committed to demonstrating tangible results to our partners, and we are thrilled to have Anne join the team in this key role.” IPG continues to grow its partnerships with major payers across the country to provide cost effective surgical care solutions that reduce costs while ensuring high quality care for consumers. Anne will focus on management, reporting and value demonstration through customized execution, implementation and optimization of the IPG program for new and existing health plan partners. “I’m thrilled to join the IPG leadership team as they lead the medical device industry in surgical cost containment,” said Anne Pukstys. “Containing surgical costs is vital for health plans looking to deliver cost-effective care for their members. I look forward to the opportunity to drive that process and help our clients gain greater visibility into the solutions available to manage these costs.” IPG is the leading provider of Device Benefit Management solutions, working with the top health plans and their provider partners across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. For more information about IPG, call us at 866.753.0046, or visit us on the web at www.ipg.com.
IPG Inc | Date: 2011-12-27
A process for preparing a pressure sensitive adhesive using a modified planetary roller extruder is described. The process in accordance with one aspect of the invention is a continuous process that includes introducing primary raw materials comprising a non-thermoplastic elastomer into a planetary roller extruder, introducing a heat-activatable crosslinker into the planetary roller extruder for mixing with the primary raw materials, and compounding the primary raw materials and the heat activatable crosslinker to form an adhesive composition while maintaining the temperature of the adhesive composition between about 25 C. and about 100 C. The non-thermoplastic elastomer is masticated during compounding and at least some of the heat-activatable crosslinker remains generally unactivated and is available for later activation.
IPG Inc | Date: 2014-01-28
A capacitive sensor for measuring pressure comprises a fixed charge plate integral to a printed circuit board, a flexible charge plate that is grounded, a conductive donut-shaped adhesive spacer between the charge plates, a lid, a non-conductive donut-shaped adhesive spacer between the second charge plate and the lid, means of providing a pressure, fixed or variable, to both sides of the flexible charge plate, wherein a microcontroller controls a power supply and provides a voltage to the first charge plate wherein the accumulative voltage may be measured as a means of determining differential pressure.
News Article | October 30, 2015
Less than two months after consolidating its U.S. media assignment with J3, part of IPG unit Mediabrands, Johnson & Johnson has decided to award the agency its global media assignment as well. The company confirmed spending $2.6 billion on ads in 2014, up from $2.5 billion the prior year. About $1 billion of that is spent in the U.S. “After a comprehensive media review across our Consumer, Pharmaceutical and Medical Device businesses, J3 has been selected as our media partner for each of our regions, including Asia Pacific, Latin America (excluding Brazil), Europe, Middle East and Africa,” the company stated. Brazil is not included because regulations there ban the operation of stand-alone media agencies. The global assessment began in June and the process was managed by UK-based IDComms. In its statement J&J indicated that when it began the review “our goal was to select the best agency for each region. Throughout the course of our separate regional reviews, J3 consistently demonstrated the ability to fully meet our Consumer and Customer needs as we drive superior growth and performance for our businesses and brands… we look forward to expanding our partnership with J3 around the world.” Other incumbents participating in the review included OMD and MEC.
News Article | November 4, 2015
Johnson Electric Holdings Limited ("Johnson Electric") ( : 179), a global leader in electric motors and motion subsystems, today announced its results for the six months ended 30th September 2015. Group sales for the first half of the 2015/16 financial year totaled US$1,022 million, a decrease of 5% over the first half of the prior financial year. Excluding currency effects, underlying sales increased by 2%. Net profit attributable to shareholders decreased 11% to US$97.8 million or 11.1 US Cents per share. The Group's business strategy of strengthening its technology capabilities and expanding its global operating footprint continues to make excellent progress. During the first half, Johnson Electric announced the acquisition of Stackpole International, a leading manufacturer of highly-engineered pumps and powder metal components, as well as the opening of a second manufacturing facility in Mexico. Notwithstanding the difficult current macro-economic environment, these and other strategic initiatives are positioning Johnson Electric for sustained success. The Automotive Products Group ("APG"), which contributed over two-thirds of total sales, increased sales by 5% on a constant currency basis compared to the first half of the prior year. The division continues to perform well overall with particularly encouraging underlying performances achieved in the Engine & Transmission, Powertrain Cooling and Actuation Systems business units. However, the significant market presence that these businesses enjoy in Europe means that their reported sales were negatively affected by the weak Euro compared to the US Dollar. During the second quarter of the financial year, APG's sales to Asian based customers also showed signs of softening as the slowdown in China's economy and other developing economies began to impact automotive sales volumes. In the face of an especially challenging market in China, sales of the Industry Products Group ("IPG") declined by 4% in constant currency terms compared to the same period in the prior year. End-market demand for many of our customers' products remains rather tepid and this combined with intense price competition for lower-end product applications resulted in a disappointing performance by IPG's Asian-based business units. On the other hand, those business units focused on more technology-differentiated motion solutions, including MedTech and Meter & Circuit Breakers, fared much better and recorded healthy double-digit sales increases. Significant productivity improvements and lower raw material costs helped to minimise the negative impact of reduced sales revenue and higher wage rates, particularly in China. The investment in building out our manufacturing footprint in Mexico and Eastern Europe is also acting as a drag on near term profitability as anticipated. As a result, gross margins in the period declined to 27.6% from 30.2% in the first half of the prior year. A reduction in selling and administrative costs combined with gains from foreign currency hedging and increased other income resulted in operating profits of US$114.9 million or 11.2% of sales (11.6% in the prior year). Johnson Electric maintained its strong financial condition with a total debt to capital ratio of 13% and cash reserves of US$678 million as of 30th September 2015. The Directors have today declared a 7% increase in the interim dividend to 15 HK Cents per share, equivalent to 1.92 US Cents per share (2014 interim: 14 HK Cents per share). This is consistent with the previously announced intention to increase gradually the ratio of interim dividends such that it represents approximately one-third of the prior financial year's total dividends paid. The interim dividend will be payable on 6th January 2016 to shareholders registered on 28th December 2015. In August 2015, Johnson Electric announced plans to acquire Stackpole International, a leading manufacturer of highly-engineered automotive engine and transmission pumps and powder metal components. The transaction, which valued Stackpole at C$800 million on an enterprise value basis, was completed on 27th October 2015 and was financed by a combination of Johnson Electric's cash balances and existing revolving credit facilities. Improving fuel economy and reducing emissions are pivotal drivers of automotive technology today -- and Johnson Electric is a market leader in supplying key motion subsystems to support these imperatives. The addition of Stackpole's pumps technology and powder metal expertise is an excellent fit that will enable the Group to provide integrated motorised pumps to customers in a rapidly growing market for electrically controlled solutions in engine and transmission applications. In addition, the acquisition significantly increases Johnson Electric's exposure to the North American automotive market which is presently experiencing strong demand. Commenting on the first half results, Dr. Patrick Wang, Chairman and Chief Executive, said, "Johnson Electric recorded somewhat weaker financial results for the six month period ended 30th September 2015 against a backdrop of adverse foreign currency movements and a weakening global economic environment." "In the face of such difficult conditions, Johnson Electric remains focused on those parts of the business where management has a reasonable degree of influence. First, this means directing our energies to serving customers whose products are aligned to the key underlying trends that will drive long-term consumer demand - including the imperatives to reduce emissions, lower fuel consumption, improve health and safety, and increase mobility and controllability. Second, it requires a relentless effort to improve efficiency and continue to eliminate waste from our operations. Third, we are aggressively expanding a global operating footprint that provides greater customer responsiveness and reduced exposure to foreign currency volatility or single country risk. And lastly, it means continuing to invest in building a team of people who are committed to making our customers successful and to growing a world-class company that can share in that success." Concerning the outlook for the remainder of the current financial year, Dr. Wang commented, "We expect underlying sales levels to be broadly similar to the first half with the weak Euro and slowdown in China's economy continuing to exert pressure on both the top and bottom lines. Full year results will also include a five month contribution from the acquisition of Stackpole International and consequently will be affected by one-time transaction expenses. We look forward to Stackpole making a positive impact on the Group's earnings base over time." "Looking further ahead, I remain confident that despite the challenging operating environment Johnson Electric is pursuing a strategy that will strengthen its competitive position and form the basis for an improved long-term growth and profit trajectory." Note to Editors and Securities Analysts: The full text of the Half-Year Results announcement, including additional financial information, is available through the Investor Relations section of Johnson Electric's website at www.johnsonelectric.com. About Johnson Electric Group The Johnson Electric Group is the global leader in electric motors and motion subsystems. It serves a broad range of industries including automotive, building automation and security, business machines, food and beverage equipment, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. The Group is headquartered in Hong Kong and the total global headcount stands at over 37,000 individuals located in Asia, the Americas and Europe. Innovation and product design centres are located in Hong Kong, China, Canada, Switzerland, Germany, Italy, Israel, Japan, the UK and the USA. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.
News Article | November 3, 2015
MONTREAL, QUEBEC and SARASOTA, FLORIDA and FAIRLESS HILLS, PENNSYLVANIA--(Marketwired - Nov. 3, 2015) - Intertape Polymer Group Inc. (TSX:ITP) ("IPG®" or "the Company") today announced the acquisition of RJM Manufacturing, Inc. (d/b/a "TaraTape") effective November 2, 2015, a manufacturer of filament and pressure sensitive tapes. All amounts in this press release are denominated in US dollars unless otherwise indicated. TaraTape revenue for the most recently completed fiscal year was approximately $20 million. The purchase price of $11.0 million was financed with funds from the Company's revolving credit facility. "We believe this acquisition in the filament tape industry will strengthen our market position mainly in filament tapes and provide many opportunities for operational synergies," indicated Greg Yull, the Company's President and CEO. "This is our second acquisition this year which affirms our commitment to create value for our shareholders through our mergers and acquisitions program. As previously indicated, we intend to continue our pursuit of other strategic opportunities." TaraTape develops, manufactures and markets pressure sensitive adhesive tapes used for industrial applications. TaraTape has a strong established reputation as a high quality supplier with the ability to custom design products for specific applications. TaraTape is located in Fairless Hills, Pennsylvania and has approximately 55 employees. TaraTape filament tapes are used for industrial packaging and specialty applications. Additionally, TaraTape's key products include MOPP/strapping, printed carton sealing tape and other ancillary products. For more information, visit www.TaraTape.com. Intertape Polymer Group Inc. is a recognized leader in the development, manufacture and sale of a variety of paper and film based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota, Florida, the Company employs approximately 1,950 employees with operations in 16 locations, including 11 manufacturing facilities in North America and one in Europe. For more information about IPG, visit www.itape.com. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, "forward-looking statements"), which are made in reliance upon the protections provided by such legislation for forward-looking statements. All statements other than statements of historical facts included in this press release, including statements regarding this acquisition strengthening the Company's market position and the Company's intent to continue its pursuit of other strategic opportunities, may constitute forward-looking statements. These forward-looking statements are based on current beliefs, assumptions, expectations, estimates, forecasts and projections made by the Company's management. Words such as "may," "will," "should," "expect," "continue," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "seek" or the negatives of these terms or variations of them or similar terminology are intended to identify such forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements, by their nature, involve risks and uncertainties and are not guarantees of future performance. Such statements are also subject to assumptions concerning, among other things: business conditions and growth or declines in the Company's industry, the Company's customers' industries and the general economy; the post-closing performance of Turbo; the anticipated benefits from the Company's manufacturing facility closures and other restructuring efforts; the quality, and market reception, of the Company's products; the Company's anticipated business strategies; risks and costs inherent in litigation; the Company's ability to maintain and improve quality and customer service; anticipated trends in the Company's business; anticipated cash flows from the Company's operations; availability of funds under the Company's Revolving Credit Facility; and the Company's ability to continue to control costs. The Company can give no assurance that these estimates and expectations will prove to have been correct. Actual outcomes and results may, and often do, differ from what is expressed, implied or projected in such forward-looking statements, and such differences may be material. Readers are cautioned not to place undue reliance on any forward-looking statement. For additional information regarding important factors that could cause actual results to differ materially from those expressed in these forward-looking statements and other risks and uncertainties, and the assumptions underlying the forward-looking statements, you are encouraged to read "Item 3 Key Information - Risk Factors", "Item 5 Operating and Financial Review and Prospects (Management's Discussion & Analysis)" and statements located elsewhere in the Company's annual report on Form 20-F for the year ended December 31, 2014 and the other statements and factors contained in the Company's filings with the Canadian securities regulators and the US Securities and Exchange Commission. Each of these forward-looking statements speaks only as of the date of this press release. The Company will not update these statements unless applicable securities laws require it to do so.
News Article | October 27, 2015
After spending nearly 25 years with McCann affiliate TM Advertising, American Airlines has chosen Crispin Porter + Bogusky and MediaCom as its creative and media agencies of record, respectively. This decision, capping a summer-long review managed by pitch consultancy AAR, comes just as the merger between American and U.S. Airways reaches completion after two years; the latter organization's final flight took off over the weekend, and its brand will now slowly fade away as employees remove all remaining signs of what was once a powerful market leader and American Airines Group officially becomes the world's largest air travel provider. CP+B and MediaCom defeated three other agency teams to win the business: IPG's The Martin Agency, Publicis Groupe's BBH and Optimedia, and Omnicom Group's Energy BBDO and PHD. American is now the second airline on CP+B's global roster; the agency won Turkish Airlines in 2013 after that company's "Legends on Board" campaign starring Kobe Bryant and Lionel Messi went viral. TM Advertising of Dallas first won the account in 1981 and proceeded to create dozens of campaigns that defined the brand in the eyes of American consumers; this relationship continued after IPG acquired TM in 2001 and turned it into an affiliate of the larger McCann Worldgroup organization. The review, which was first announced in July, reflected a larger shift on behalf of the client, which effectively cleared its marketing slate to start anew in the wake of the merger. When the news broke, McCann promised to defend the account, later appointing The Martin Agency of Geico fame to participate in the review in place of TM. In a statement, American Airlines vp of global marketing Fernand Fernandez wrote, "From the very start, CP+B and MediaCom showed a clear understanding of American's assets and opportunities, and it all starts with our 100,000 employees." He added: "We want to capture the enthusiasm and passion our employees have for the future of the airline and deliver that message to our customers with a genuine and unique campaign. We think our employees and our customers will be proud of how CP+B and MediaCom work with us to present American's brand in the coming years." Lori Senecal, who serves as both global CEO of CP+B and president/CEO of its holding company, MDC Partners, said, "We are honored and excited that American has chosen CP+B and our partner MediaCom to help them achieve the bold ambitions they have for their brand." Those bold ambitions include becoming the unprecedented international leader in air travel after a long and sometimes uncertain merger process. Executives first hinted at a desire to bring American and U.S. Airways together in 2012, but the FAA did not officially provide approval for the two entities to operate as a single carrier until April of this year. According to Kantar Media, American Airlines spent just under $30 million in media last year, but this number is almost certainly an outlier as details regarding the merger had yet to go into effect. The company estimates that American's annual media spend moving forward will be approximately $60 million. When asked to comment on the win today, a spokesperson for CP+B deferred to the client.
News Article | February 24, 2017
ATLANTA--(BUSINESS WIRE)--IPG, the industry-leading provider of Device Benefit Management solutions, today announced a partnership with Lima Corporate, a global medical device company providing reconstructive and fixation orthopaedic solutions. With a national footprint and focus on the commercial health care market, IPG enables high quality, cost effective surgical care and supports the delivery of value based care for high cost surgical procedures for their health plan clients. This partnership creates significant opportunities to improve surgical outcomes, while reducing overall healthcare costs. “Lima Corporate is enthusiastic to initiate this collaboration with IPG as it represents a paradigm shift in the medical device market in the U.S. while maintaining access to state-of-the-art devices. Through this agreement, Lima is able to provide key technology, such as our Trabecular Titanium technology used in our hip and shoulder portfolio, which are the only 3D printed devices with 10-years of clinical follow-up,” said Luigi Ferrari, CEO of Lima Corporate. By bringing transparency, contracting strategy, analytics and surgical expertise related to the delivery of device-intensive surgical procedures, IPG enables surgeons and facilities to successfully make value-based care delivery decisions that drive quality and affordability around surgical procedures through device selection and site of care optimization. As IPG continues to execute on its manufacturer partnership strategy with firms who strategically align with this objective, Lima was identified as an excellent fit. “IPG is excited about the opportunity to work closely with Lima to bring their high-value technology to IPG’s health plan clients and patients,” said Vince Coppola, President & CEO of IPG. “This relationship will further expand our mission to bring high quality, cost effective surgical solutions to the U.S. healthcare market.” As a participating manufacturer in IPG’s Device Benefit Management program, Lima will gain access to IPG’s expansive network of direct partnering facilities and surgeons. This agreement will provide greater access for IPG’s customers for high quality shoulder, hip and knee arthroplasty products. Lima has a strong international presence, and the partnership with IPG will enable Lima to significantly drive expansion of their products in the United States. About Lima Corporate Lima Corporate is a global medical device company providing reconstructive orthopaedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Based in Italy, Lima Corporate is committed to the development of innovative products and procedures to enable surgeons to select ideal solution for every individual patient. Lima Corporate’s product range includes large joint revision and primary implants and complete extremities solutions including fixation. For additional information on the Company, please visit www.limacorporate.com. About IPG IPG is the leading provider of Device Benefit Management solutions, working with health plans, providers, surgical facilities and patients across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. For more information about IPG, call us at 866.753.0046, or visit us on the web at www.ipg.com.