Avery Dennison Acquires ACPO Ltd.
04 Enero 2021 - 3:45PM
Business Wire
Avery Dennison (NYSE:AVY) announced today that it has acquired
the business of Ohio-based ACPO Ltd. for the purchase price of
$87.6 million, subject to certain post-closing adjustments. ACPO is
a leader in pressure-sensitive overlaminate products for the label
and flexible packaging markets and has approximately 170
employees.
Avery Dennison has acquired the majority of ACPO’s assets,
including coating, finishing and distribution operations at its Oak
Harbor, Ohio, headquarters, as well as three finishing and
distribution sites in Atlanta, Georgia; Oak Creek, Wisconsin; and
Vancouver, Washington. ACPO employees will transition to the Avery
Dennison Label and Graphic Materials team.
“Our acquisition of ACPO will further strengthen our leadership
in core label materials segments,” said Mitch Butier, Avery
Dennison’s chairman, president and CEO. “By adding ACPO’s
well-regarded and complementary overlaminate product, we are
increasing our product portfolio and adding even more value for our
customers.”
“We are delighted to have ACPO become part of Avery Dennison,”
said Missy Larick, chief operating officer of Esperia Holdings LLC,
the holding company of ACPO Ltd. “As anyone in our industry knows,
Avery Dennison is a strong, sophisticated global organization and a
brand known and respected worldwide, which will help accelerate the
commercialization of ACPO products around the globe. We know that
tapping into the know-how of Avery Dennison’s materials scientists,
with their expertise in adhesives, base labels, and surface
chemistry, will dramatically accelerate innovation of ACPO
products.” Larick will play a key role during the transition and
will stay with Esperia Holdings LLC as chief operating officer.
Jeroen Diderich, vice president and general manager, Avery
Dennison Label and Graphic Materials North America, noted that
ACPO’s reputation for quality and service, its entrepreneurial
spirit and its agile, customer-focused way of working—from quick
turnaround to low minimum-order quantities—makes it a good fit for
Avery Dennison’s culture and the current state of the market. “Our
top priority is to ensure industry-leading service, quality and
unmatched customer responsiveness for customers of both
businesses,” said Diderich. “We look forward to leveraging ACPO’s
strengths, learning from their people, and welcoming them as valued
members of the Avery Dennison family.”
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials
science and manufacturing company specializing in the design and
manufacture of a wide variety of labeling and functional materials.
The company’s products, which are used in nearly every major
industry, include pressure-sensitive materials for labels and
graphic applications; tapes and other bonding solutions for
industrial, medical and retail applications; tags, labels and
embellishments for apparel; and radio-frequency identification
(RFID) solutions serving retail apparel and other markets.
Headquartered in Glendale, California, the company employs
approximately 30,000 employees in more than 50 countries. Reported
sales in 2019 were $7.1 billion. Learn more at
www.averydennison.com.
About ACPO LTD.
ACPO LTD. is a US-based, privately-owned company, founded in
1986. ACPO manufactures self-wound, pressure-sensitive roll label
films for the label printing and flexible packaging industries as
well as industrial tapes. Annual sales for the company are
approximately $60 million. The company has approximately 170
employees across four locations: headquarters and coating in Oak
Harbor, Ohio and distribution centers in Atlanta, Georgia; Oak
Creek, Wisconsin; and Vancouver, Washington.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210104005811/en/
Media Relations Rob Six (626) 304-2361 rob.six@averydennison.com
or Investor Relations John Eble (440) 534-6290
john.eble@averydennison.com
Avery Dennison (NYSE:AVY)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Avery Dennison (NYSE:AVY)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024