Avery Dennison announces the acquisition of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a manufacturer of pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.
Avery Dennison acquires the majority of ACPO’s assets, including coating, finishing, and distribution operations at its Oak Harbor, Ohio, headquarters, and three finishing and distribution sites in Atlanta, Georgia; Oak Creek, Wisconsin; and Vancouver, Washington. ACPO employees transition to the Avery Dennison Label and Graphic Materials team.
“Our acquisition of ACPO will further strengthen our leadership in core label materials segments,” says 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,” adds Missy Larick, chief operating officer of Esperia Holdings LLC, the holding company of ACPO Ltd. “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.”
With the acquisition, Larick plays a vital role during the transition and stays with Esperia Holdings LLC as chief operating officer.
“Our top priority is to ensure industry-leading service, quality, and unmatched customer responsiveness for customers of both businesses,” says Jeroen Diderich, vice president and general manager, Avery Dennison Label and Graphic Materials North America. “We look forward to leveraging ACPO’s strengths, learning from their people, and welcoming them as valued members of the Avery Dennison family.”