M&A Deal Summary

Avery Dennison Acquires ACPO

On January 4, 2021, Avery Dennison acquired packaging company ACPO for 88M USD

Acquisition Highlights
  • This is Avery Dennison’s 3rd transaction in the Packaging sector.
  • This is Avery Dennison’s 7th largest (disclosed) transaction.
  • This is Avery Dennison’s 7th transaction in the United States.
  • This is Avery Dennison’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-01-04
Target ACPO
Sector Packaging
Buyer(s) Avery Dennison
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

ACPO

Oak Harbor, Ohio, United States
ACPO Ltd. manufactures self-wound, pressure-sensitive roll label films for the label printing and flexible packaging industries as well as industrial tapes. ACPO was founded in 1986 and is based in Oak Harbor, Ohio.

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Buyer(S) 1

Buyer

Avery Dennison

Mentor, Ohio, United States

Category Company
Founded 1935
Sector Consumer Products
Employees35,000
Revenue 8.4B USD (2023)
DESCRIPTION
Avery Dennison's office in Glendale, California.
Avery Dennison's office in Glendale, California.

Avery Dennison is a global provider of labeling and packaging materials and solutions. Avery Dennison's businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are sold to label printers and converters that "convert" the materials into labels and other products through embossing, printing, stamping and die-cutting. Some are sold in converted form as tapes and reflective sheeting. Avery Dennison also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related services, which are marketed to retailers and apparel manufacturers and brand owners. Avery Dennison was incorporated in 1935 and is based in Mentor, Ohio.


DEAL STATS #
Overall 12 of 14
Sector (Packaging) 3 of 3
Type (Add-on Acquisition) 10 of 12
State (Ohio) 1 of 1
Country (United States) 7 of 9
Year (2021) 1 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Smartrac NV - RFID Inlay Business

Amsterdam, Netherlands

Smartrac’s RFID Inlay Business engages in the development and manufacture of RFID products.

Buy €225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 JDC

Mt Juliet, Tennessee, United States

JDC manufactures solution-based pressure-sensitive specialty tapes for use in automotive, appliance, building and construction, computer disk-drive, and healthcare applications. JDC was founded in 1967 and is based in Mt Juliet, Tennessee.

Buy $24M