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Avery Dennison Completes Acquisition of Mactac Europe

Published on 2016-08-03. Author : SpecialChem

LENDALE, Calif -- Avery Dennison has completed the acquisition of the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt.

Avery Dennison Completes Acquisition of Mactac Europe
Avery Dennison Completes Acquisition of Mactac Europe

Mactac’s manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia are now part of Avery Dennison’s global footprint. Export sales will continue to serve customers in South America, Asia Pacific, the Middle East, and North Africa.

The transaction excludes the Mactac business in the U.S., Canada and Mexico which will continue to be owned by Platinum Equity.

About Avery Dennison

Avery Dennison (NYSE: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Glendale, California, the company reported sales of $6.0 billion in 2015.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with a portfolio of approximately 25 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 20 years Platinum Equity has completed more than 175 acquisitions.

Source: Avery Dennison

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