Avery Dennison Completes Acquisition of European Business of Mactac from Platinum Equity
August 02 2016 - 8:00AM
Business Wire
Avery Dennison (NYSE:AVY) today announced it had 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.
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. Learn more about the company at www.averydennison.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160802005467/en/
Avery Dennison Media ContactRob Six, (626)
304-2361rob.six@averydennison.comorAvery Dennison Investor
RelationsCynthia Guenther, (626)
304-2204investorcom@averydennison.comorPlatinum Equity Media
ContactDan Whelan, (310) 282-9202dwhelan@platinumequity.com
Avery Dennison (NYSE:AVY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Avery Dennison (NYSE:AVY)
Historical Stock Chart
From Apr 2023 to Apr 2024