Lecta to purchase Avery Dennison offset sheets business in EMENA

The transaction involves manufacture & sale of FASSON & JAC

145
Lecta
Lecta is taking over the manufacture and sale of Avery Dennison’s portfolio of FASSON and JAC branded self-adhesive papers and films in EMENA. Photo - Lecta

Avery Dennison Corporation, the US-based producer of self-adhesive label and graphic materials, announced that it has reached an agreement to sell its Offset Sheets business in Europe – Middle East – North Africa (EMENA) region to Torraspapel. Torraspapel is part of Lecta, a European manufacturer of coated woodfree and specialty paper products headquartered in London. The transaction is subject to competition approval from the German Federal Cartel Office.

Spanish company 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.

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

The transaction will involve 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.

“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,” added Fred Noel.

As you join us today from India and elsewhere, we have a favour to ask. Through these times of ambiguity and challenge, the packaging industry in India and in most parts of the world has been fortunate. We are now read in more than 90 countries as our coverage widens and increases in impact. Our traffic as per analytics more than doubled in 2020 and many readers chose to support us financially even when advertising fell to pieces.

As we come out of the pandemic in the next few months, we hope to again expand our geography and evolve our high-impact reporting and authoritative and technical information, with some of the best correspondents in the industry. If there were ever a time to support us, it is now. You can power Packaging South Asia’s balanced industry journalism and help to sustain us by subscribing.

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here