The deal, first announced in April, will not affect Mactac’s business in the U.S., Canada and Mexico and its North American exports.
Avery Dennison bought the business from California-based private equity firm Platinum Equity for about 200 million Euros, or $212 million, including assumed debt.
Mactac’s manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia, are now part of Avery Dennison’s global footprint. Export sales will continue to serve customers in South America, Asia Pacific, the Middle East and North Africa.
The Mactac business in the U.S., Canada and Mexico continues to be owned by Platinum Equity.