Platinum Equity to sell Mactac European business to Avery Dennison

Avery Dennison said April 28 that it agreed to buy the European business of Mactac from Platinum Equity. The purchase price was 200 million euros ($227.2 million) including assumed debt. The Mactac business makes high quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes.

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