Industry News, Mergers and Acquisitions, Printers News

Avery Dennison to Acquire Mactac Europe

Enhances Avery Dennison’s position in European graphics markets.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison announced a definitive agreement to acquire the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt.   With 2015 year-end run-rate revenues of €147 million, or approximately $170 million, and approximately 470 employees, the business is a leading manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and...

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