Avery Dennison Corporation acquired ACPO Ltd. for $87.6 million.
January 03, 2021
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Avery Dennison Corporation (NYSE:AVY) acquired ACPO Ltd. for $87.6 million on December 31, 2020. The purchase price is subject to certain post-closing adjustments. Avery Dennison has acquired the majority of ACPO’s assets. ACPO Ltd. included 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. Annual sales for ACPO are approximately $60 million. Missy Larick Chief Operating Officer of Esperia Holdings LLC, the holding company of ACPO Ltd. will play a key role during the transition and will stay with Esperia Holdings LLC as Chief Operating Officer. ACPO Ltd. employees will transition to the Avery Dennison Corporation Label and Graphic Materials team.
Avery Dennison Corporation (NYSE:AVY) completed the acquisition of ACPO Ltd. on December 31, 2020.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).
AVERY DENNISON CORPORATION 
