Avery Dennison recently announced a definitive agreement to acquire the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million (~ $ 225 million) including assumed debt. Mactac Europe reportedly had 2015 year-end run-rate revenues of €147 million (~ $170 million) and approximately 470 employees. Mactac’s core product lines complement Avery Dennison’s existing graphics portfolio.
Top 5 News that Sticks for May 1-7
1. Avery Dennison to Acquire Mactac Europe (#2 last week)
2. Kuraray America Opens $300 Million Plant
3. W.R. Grace to Purchase BASF’s Polyolefin Catalysts Business
4. PPG Donates Paint for Final Space Shuttle External Tank Journey
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