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    Avery Dennison completes acquisition of European business of Mactac from Platinum Equity

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    • Avery Dennison
    Avery Dennison completes acquisition of European business of Mactac from Platinum Equity
    North America, USA, US - The West, Canada, Mexico, Europe, Benelux, Belgium, Asia, The Middle East, South America, Africa, North Africa, Metal - Platinum

    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.

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    • Company News
    • English
    • Modified 05 Aug 2016
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