Avery Dennison acquires ACPO Ltd. for the purchase price of 87.6 million USD, subject to certain post-closing adjustments. Avery Dennison has acquired majority of ACPO’s assets, including finishing and distribution operations at its Oak Harbor, Ohio, headquarters and three finishing and distribution sites in Atlanta, Georgia; Oak Creek, Wisconsin; and Vancouver, Washington. ACPO employees will transition to the Avery Dennison Label and Graphic Materials team.
ACPO is a manufacturer of pressure-sensitive overlaminate products for the label and flexible packaging market.
Acquisition Strengthens Label Material Segments
“
Our acquisition of ACPO will further strengthen our leadership in core label materials segments. By adding ACPO’s well-regarded and complementary overlaminate product, we are increasing our product portfolio and adding even more value for our customers,” said Mitch Butier, Avery Dennison’s chairman, president and chief executive officer.
“
Avery Dennison will help accelerate the commercialization of ACPO products around the globe. Tapping into the know-how of Avery Dennison’s materials scientists, with their expertise in adhesives, base labels, and surface chemistry, will dramatically accelerate innovation of ACPO products,” said Missy Larick, chief operating officer of Esperia Holdings LLC, the holding company of ACPO Ltd. Larick will play a key role during the transition and will stay with Esperia Holdings LLC as chief operating officer.
Jeroen Diderich, vice president and general manager, Avery Dennison Label and Graphic Materials North America, noted that ACPO’s product quality, service, customer-focused way of working—from quick turnaround to low minimum-order quantities—makes it a good fit for Avery Dennison’s culture and the current state of the market. “
Our top priority is to ensure industry-leading service, quality and unmatched customer responsiveness for customers of both businesses,” said Diderich.
Source: Avery Dennison