Avery Dennison buys Mactac Europe

Avery Dennison has acquired the European business of Mactac from Platinum Equity, a California-based private equity firm. The deal does not include Mactac’s business in the U.S., Canada and Mexico and its North American exports, which will remain with Platinum Equity.

Mactac mainly manufacturers pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes. As such it should be a good fit for Avery Dennison with broadly complementary products. Avery Dennison has said that it will maintain the Mactac brand name for graphic films.

The deal was worth €200 million including assumed debt. Avery Dennison will fund the acquisition with existing cash and credit facilities. The acquisition is expected to close within three months, subject to customary conditions and approvals. It is expected to have an immaterial impact to Avery Dennison’s earnings per share in 2016 and be approximately ten cents accretive to EPS in 2017.

The deal includes a manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia and some 470 staff. Mactac Europe also serves customers in South America, Asia Pacific, the Middle East, and North Africa. Mactac Europe reported 2015 year-end revenues of €147 million.

Mitch Butier, president and COO, Avery Dennison, says that the deal will create a stronger European team, adding: “We plan to continue operating Mactac’s manufacturing facility in Soignies, Belgium and to make the facility and its people a key driver of Avery Dennison’s future innovation and growth in Europe.”




Syndicate content

You can license the articles from Printing and Manufacturing Journal to reproduce in other publications. I generally charge around £150 per article but I’m open to discussing this for each title, particularly for publishers that want to use multiple stories. I can provide high res versions of images for print publications.

I’m used to working with overseas publishers and am registered for VAT with the UK’s HMRC tax authority but obviously won’t charge VAT to companies outside the UK. You can find further details and a licensing form from this page, or just contact me directly here.

Support this site

If you find the stories here useful then please consider making a donation to help fund Printing and Manufacturing Journal, either as a one-off or a repeat payment. Journalism is only really useful if it’s truly independent and this is the only such news source serving the print/ manufacturing sectors.

However, there are costs involved in travelling to cover events, as well as maintaining this site, not to mention the time that it takes to carry out research, check facts and interview people. So if you value this work, then please help to maintain it and keep it free to read.


Never miss a story – subscribe to Printing and Manufacturing Journal to receive an email notification every time an article is published here. It’s completely free of charge and you can cancel the subscription at any point without any hassle. There’s no need to provide any information other than an email address and subscribers details are not for sale so there’s no risk of any further marketing spam.

Related stories


Leave a Reply

Your email address will not be published. Required fields are marked *