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Business

Lecta to purchase Avery Dennison Offset Sheets arm

Paper products manufacturer Lecta has agreed a deal to Avery Dennison’s Offset Sheets business in the Europe, Middle East and North Africa (EMENA) region.

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The acquisition is subject to approval from the German Federal Cartel Office

Under the agreement, Lecta’s Torraspapel business will take ownership of Offset Sheets, with 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 the products under a special limited licensing agreement with Avery Dennison, keeping the FASSON and JAC brands available through the existing network of distributors.

Fred Noel, vice president Avery Dennison Graphics Solutions EMENA, comments: “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. We trust that Lecta will be an excellent partner going forward.”

The deal is subject to competition approval from the German Federal Cartel Office.

Noel added: “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.”

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