Avery Dennison to acquire Mactac Europe

Packaging Solutions

Avery Dennison has announced a definitive agreement to acquire 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 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,’ said Dean Scarborough, Avery Dennison chairman and CEO. ‘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.’

With a manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia, the Mactac business expands Avery Dennison’s global footprint and provides needed capacity to support its growth. Through export sales, Mactac Europe also serves customers in South America, Asia Pacific, the Middle East, and North Africa.

The transaction excludes the Mactac business in the US, Canada and Mexico and its North American exports.

Avery Dennison will maintain the Mactac brand for graphic films.