Avery Dennison recently announced 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. With approximately 170 employees, ACPO produces pressure-sensitive overlaminate products for the label and flexible packaging markets.
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, Ga.; Oak Creek, Wis.; and Vancouver, Wash. 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. Larick will play a key role during the transition and will stay with Esperia Holdings as chief operating officer. “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.”
According to Jeroen Diderich, vice president and general manager of Avery Dennison Label and Graphic Materials North America, “Our top priority is to ensure industry-leading service, quality and unmatched customer responsiveness for customers of both businesses. We look forward to leveraging ACPO’s strengths, learning from their people, and welcoming them as valued members of the Avery Dennison family.”