GLENDALE, Calif. -- 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
The transaction excludes the Mactac business in the U.S., Canada and
Mexico which will continue to be owned by Platinum Equity
Avery Dennison to Acquire MACTac Europe from Platinum Equity
About Platinum Equity
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 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.
“Mactac’s European business has come a long way with the successful restructuring of its operations and product portfolio. It is today fundamentally strong and well positioned to join Avery Dennison and take this next step in the company’s evolution,” said Platinum Equity Partner Louis Samson.
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.
Avery Dennison Media Contact
Rob Six, (626) 304-2361
Dennison Investor Relations
Cynthia Guenther, (626) 304-2204
Equity Media Contact
Dan Whelan, (310) 282-9202