Page 40 - Plastics News January 2021

Business news

Avery Dennison acquires US firm Altium Packaging acquires SFB

ACPO in $87.6m deal Plastics

lobal materials science
Ga n d ma nu fa ct u rin g he Atlanta-based Altium Packaging has acquired
company Avery Dennison has TSFB Plastics, a longtime Wichita manufacturer,
strengthened its portfolio with and all of its assets. SFB, a material handling and
the acquisition of privately packaging manufacturer, has operated in Wichita
owned company ACPO.Based since 1970, and had just expanded its facility in 2019
in Ohio, ACPO specialises with the construction of new 14,000-square-foot
in producing self-wound, warehouse at its plant in southwest Wichita. “We are
pressure-sensitive roll label excited to welcome the employees of SFB Plastics
films for the label printing and into the Altium family," said Patrick Keese, senior vice
flexible packaging industries president and general manager of Altium’s Consumer-
as well as industrial tapes. Industrial Group. "The company has established an
The deal, which is valued at outstanding reputation for high-quality packaging
$87.6m, is dependent on certain post-closing adjustments. solutions with exceptional customer service. We look
Avery Dennison chairman, president and CEO Mitch Butier forward to continuing to build upon the foundation of
said: “Our acquisition of ACPO will further strengthen excellence that they have created.” During its 50-year
our leadership in core label materials segments. “By history, SFB Plastics provided plastic containers and
adding ACPO’s well-regarded and complementary other products for a variety of industries, including
overlaminate product, we are increasing our product the agricultural chemical and industrial chemical
portfolio and adding even more value for our customers.” markets. Altium Packaging is a leading customer-centric
As part of this transaction, Avery Dennison has taken packaging solutions provider and manufacturer in North
over majority of ACPO’s assets, including coating,
finishing and distribution operations at its Oak Harbor,
Ohio, headquarters. Additionally, it will acquire three
US finishing and distribution sites in Atlanta, Georgia;
Oak Creek, Wisconsin; and Vancouver, Washington. The
company will induct approximately 170 ACPO employees
into its Label and Graphic Materials team. ACPO holding
company Esperia chief operating officer Missy Larick
said: “We are delighted to have ACPO become part of
Avery Dennison. “As anyone in our industry knows, Avery
Dennison is a strong, sophisticated global organisation
and a brand known and respected worldwide, which will America. SFB Plastics, Inc. is a privately held material
help accelerate the commercialisation of ACPO products handling and packaging manufacturer headquartered
around the globe. “We know that tapping into the in Wichita, Kansas. Founded in 1970 as the patented
know-how of Avery Dennison’s materials scientists, with provider of thermoformed plastic freezer spacers,
their expertise in adhesives, base labels, and surface the company expanded into rigid packaging in 1976
chemistry, will dramatically accelerate innovation of and has specialized in HDPE blowmolding of industrial
ACPO products.” Larick will play a key role during the containers for over 40 years.While continuing to offer
transition and will stay with Esperia Holdings LLC as freezer spacers, we manufacture containers ranging
chief operating officer. Jeroen Diderich, vice president from 1/2 gallon to 5 gallon in size it service several
and general manager, Avery Dennison Label and Graphic markets, including (but not limited to) industrial
Materials North America, noted that ACPO’s reputation chemical, agricultural chemical, food/sauce, oil,
makes it a good fit for Avery Dennison’s culture and the flavorings/extracts, pharmaceutical, nutraceutical,
current state of the market. pet/vet and many more.

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