Avery Dennison announced today that it has acquired the business of Ohio-based Acpo for the purchase price of $87.6 million, subject to certain post-closing adjustments. The company is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.<\/p>\n
Avery Dennison has acquired the majority of Acpo\u2019s 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. <\/p>\n
\u201cOur acquisition of Acpo will further strengthen our leadership in core label materials segments,\u201d said Mitch Butier, Avery Dennison\u2019s chairman, president and CEO. \u201cBy adding ACPO\u2019s well-regarded and complementary overlaminate product, we are increasing our product portfolio and adding even more value for our customers.\u201d Missy Larick, chief operating officer of Esperia Holdings LLC, the holding company of Acpo 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, added that Acpo\u2019s reputation for quality and service, its entrepreneurial spirit and its agile, customer-focused way of working\u2014from quick turnaround to low minimum-order quantities\u2014makes it a good fit for Avery Dennison\u2019s culture and the current state of the market. \u201cOur top priority is to ensure industry-leading service, quality and unmatched customer responsiveness for customers of both businesses,\u201d said Diderich. <\/p>\n
All rights reserved except agreement written by Emballage Digest or mention of the magazine<\/em><\/p>","protected":false},"excerpt":{"rendered":" Avery Dennison announced today that it has acquired the business of Ohio-based Acpo for the purchase price of $87.6 million, subject to certain post-closing adjustments. The company is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.<\/p>","protected":false},"author":1,"featured_media":32699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"iawp_total_views":1,"footnotes":""},"categories":[28,12],"tags":[],"class_list":["post-22699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article-entier","category-news"],"acf":[],"yoast_head":"\n