Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Avery Dennison Completes Acquisition of European Business of Mactac from Platinum Equity

Press Release · August 2, 2016

Manufacturing

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 Africa.

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

Founded 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.

Contacts

Avery Dennison Media Contact
Rob Six, (626) 304-2361
rob.six@averydennison.com
or
Avery Dennison Investor Relations
Cynthia Guenther, (626) 304-2204
investorcom@averydennison.com
or
Platinum Equity Media Contact
Dan Whelan, (310) 282-9202
dwhelan@platinumequity.com

News

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and Media Contacts:

Mark Barnhill
Partner

+1 310.228.9514
E-mail Mark

Dan Whelan
Senior Vice President

+1 310.282.9202
E-mail Dan