Avery Dennison to buy Mactac Europe from Platinum Equity for Euro 200 mn

Avery Dennison, a provider of labelling and packaging materials & solutions, has signed a definitive agreement to acquire the European business of Mactac from the California-based private equity firm Platinum Equity for Euro 200 million including assumed debt.
 
With 2015 year-end revenues of Euro 147 million (approximately $170 million), Mactac is a manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes. Mactac’s core product lines complement Avery Dennison’s existing graphics portfolio.
 
“The acquisition of Mactac Europe enhances our competitiveness in high-value graphics, where we have sustained above-average growth over the past few years. Known for high product quality and outstanding service, Mactac complements our existing business with a strong brand and loyal customer base, expanding our product offering, capabilities, and distributor network,” said Dean Scarborough, chairman and CEO, Avery Dennison.