13 Oct 2020
Lecta to purchase Avery Dennison offset sheets business in Europe - Middle East - North Africa
OEGSTGEEST, the Netherlands — October 13, 2020 — Avery Dennison Corporation, the U.S.-based leading producer of self-adhesive label and graphic materials, today announced that it has reached an agreement to sell its Offset Sheets business in the Europe - Middle East - North Africa (EMENA) region to Torraspapel. Torraspapel is part of Lecta, a European manufacturer of coated woodfree and specialty paper products headquartered in London. The transaction is subject to competition approval from the German Federal Cartel Office.
“This sale is part of the strategy for Avery Dennison to focus on categories where we are best positioned to deliver high growth and potential for our customers, with a particular emphasis on our Visual Communication (VISCOM) business. We believe this sale is in the best interests of both Avery Dennison and of our Offset customers given Lecta’s strength in paper-based products,” said Fred Noel, vice president Avery Dennison Graphics Solutions EMENA. “We trust that Lecta will be an excellent partner going forward.”
The transaction will involve Lecta taking over the manufacture and sale of Avery Dennison’s portfolio of FASSON™ and JAC™ branded self-adhesive papers and films in EMENA. Lecta will manufacture these under a special limited licensing agreement with Avery Dennison, keeping the FASSON™ and JAC™ brands available through the existing network of distributors.
“Creating a smooth, efficient and positive transition process for all groups involved is our top priority. We will keep our customers well-informed as we move towards the transition date,” added Fred Noel.
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About Avery Dennison
Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 30,000 employees in over 50 countries. Reported sales in 2019 were $7.1 billion. Learn more at www.averydennison.com.
Lecta is one of the leading manufacturers of specialty papers for labels and flexible packaging, premium coated paper for wide format advertising, high quality publishing and commercial printing, along with other high value-added paper products. Lecta avails itself of an extensive sales network and a wide range of diverse, sustainable and innovative products and is recognized as one of the premier suppliers of paper solutions worldwide, covering the needs of customers in more than 130 countries. Lecta has an integrated production system with a manufacturing capacity close to 1.7 million tons with today’s latest technology and achieves a top-level environmental performance. Lecta is also active in the distribution business in Southern Europe, with its own merchants in Spain, Portugal, France and Italy with more than 20,000 active customers. Learn more at www.lecta.com.