April 29, 2016 7:05 pm | Updated 10 months ago.
Avery Dennison, a pioneer in packaging materials and solutions, entered into an agreement to acquire from Platinum Equity, the European business of MACtac. MACtac, a manufacturer of specialty labels and industrial tapes will integrate and augment the existing portfolio of Avery Dennison.
This Euro 200 million worth deal will help Avery Dennison expand its global footprint with MACtac’s loyal customer base and manufacturing facilities in both Europe and Asia. Avery Dennison will look after the wide customer base of MACtac Europe in South America, Asia Pacific, the Middle East, and North Africa. According to Mitch Butier of Avery Dennison, the company envisages on maintaining MACtac’s brand and manufacturing facilities in Belgium.
This acquisition will enhance Avery Dennison’s high – value graphics as MACtac offers a wide range of products which include graphic and decoration. It will also expand the capabilities, product offerings and distributor network of Avery Dennison.
Date of Publication: April 27, 2016