Lecta to Purchase Avery Dennison Offset Sheets Business in Europe - Middle East - North Africa
Lecta will take over the manufacture and sale of Avery Dennison's portfolio of FASSON and JAC branded self-adhesive papers and films in the EMENA region.
Oct. 13, 2020 - Lecta today announced that it has reached an agreement for the acquisition of Avery Dennison Offset Sheets business in the Europe - Middle East - North Africa (EMENA) region.
Financial terms of the deal were not disclosed.
According to Lecta, it will take over the manufacture and sale of Avery Dennison's portfolio of FASSON™ and JAC™ branded self-adhesive papers and films in EMENA. Lecta noted that it 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.
This acquisition is fully aligned with the company's transformation process and its reorientation towards the specialty markets, Lecta said in a written statement.
The transaction is subject to competition approval from the German Federal Cartel Office.
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. For further information, visit: www.lecta.com.