Avery Dennison announced they had completed the acquisition of Mactac Europe from Platinum Equity, the purchase price was €200 million including assumed debt.
Mactac’s manufacturing facility in Belgium, sales offices and warehouses in Europe and Asia, will become part of Avery Dennison Corporation and will continue to serve customers in South America, Asia Pacific, the Middle East, and North Africa. The agreement excludes the Mactac business in the United States, Canada and Mexico, which will continue to be owned by Platinum Equity.
“We plan to continue operating Mactac’s manufacturing facility in Soignies, Belgium and to make the facility and its people a key driver of Avery Dennison’s future innovation and growth in Europe,”
said Mitch Butier, president and COO, Avery Dennison.
“The acquisition of Mactac Europe enhances our competitiveness in high-value graphics, where we have sustained above-average growth over the past few years,”
said Dean Scarborough, Avery Dennison chairman and CEO.
Source: Avery Dennison Newsroom.