Avery Dennison acquires label material company
ACPO Ltd. producing pressure-sensitive overlaminate products for the label and flexible packaging markets.
Avery Dennison announced that it has acquired ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a US company producing 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 headquarters in Ohio, as well as three finishing and distribution sites all over the US. 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.”