Avery acquires Mactac for USD 200mn

An agreement was signed on 27 April but the acquisition was completed on 25 July. Avery bought the European business of the company from California-based private equity firm Platinum Equity.

According to report in PrintWeek.com, Platinum Equity will retain ownership of the Mactac business in the US, Canada and Mexico. Mactac manufactures self-adhesive label and graphics products for a wide range of industries.

Avery will take charge of Mactac’s manufacturing facility in Soignies, Belgium, along with nine other sites in Europe, including its UK base in Northampton. There are no plans to close any manufacturing locations or make changes to staffing levels.

Avery Dennison manufactures and distributes adhesive materials, branding labels, tags, RFID inlays and speciality medical products. It has offices in more than 40 countries.

In April, it claimed to be the first company to produce a coloured cast overlaminate film designed specifically for vehicle wraps.

Meanwhile Avery Dennison has launched a new range of wall films that includes textured versions.

The Digital Wall Films portfolio includes Canvas, Stone and Stucco textured permanent wall vinyls, as well as untextured versions, also with permanent adhesive. They are part of Avery Dennison’s MPI 8000 Wall Film series.

Target applications include a variety of interior decoration uses such as retail decoration and branding, wall graphics, exhibitions, and hospitality and commercial space interiors.