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Mon, Oct 26, 2020 12:06
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Management Side
Lecta to Purchase Avery Dennison Offset Sheet Business in EMENA
SPAIN (News release) -- Lecta announces that today it has reached an agreement for the acquisition of Avery Dennison Offset Sheets business in the Europe - Middle East - North Africa (EMENA) region. The transaction is subject to competition approval from the German Federal Cartel Office.

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.

Lecta will bring to current Avery Dennison's customers in the EMENA markets its extensive knowledge in the manufacture of self-adhesive materials with a strong specialization in sheets and facestock materials, as well as its extensive experience in commercial management and service to Distributors.

This acquisition is fully aligned with the Company's transformation process and its reorientation towards the specialty markets. Lecta's self-adhesive materials production plant has received large investments in recent years that place it in the state of the art in both production technology and process automation, which guarantees high quality standards for our customers.

Avery Dennison and Lecta will work together for a very efficient transition process and a profitable business development for all the groups involved.

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