Year In Review (Cont’d from Page 1)
self-adhesive materials, acquired Acucote Inc. , a company headquartered in Graham, North Caroli- na, which develops, manufactures and distributes self-adhesive materials, with turnover of more than $70 million and 142 employees. Private-equity firm Clayton Dubilier & Rice ac- quired and combined Fort Dearborn , Elk Grove, Illinois, and Multi-Color Corporation , Batavia, Ohio, reportedly creating the world’s largest label solutions company serving customers worldwide. CD&R is acquiring Fort Dearborn and MCC from global private equity investors Advent International and Platinum Equity, respectively. The deal valued the combined company at around $6 billion includ- ing debt. Xaar completed the acquisition of print systems and printbar company FFEI Limited. Based in Hemel Hempstead, UK, CEO Andy Cook and CFO Julian Payne remained in their current roles and report to Xaar’s CEO John Mills. Esko formed a new partnership with B eswick Machinery Ltd to distribute its range of AVT solu- tions across southern Africa. Under the new agree- ment, Beswick distributes Esko AVT hardware such as the Apollo, Jupiter, Argus, Titan and Helios auto- mated inline inspection units, as well as a range of innovative packaging and label workflow software.
Multi-Color Corporation (MCC) and Hexagon Holdings signed a binding sale and purchase agreement whereby MCC will acquire 100 percent of the shares in Hexagon. The acquisition includes Hexagon subsidiaries Hally Labels AU, Label Part- ners AU, Adhesif Labels NZ, Hally Labels NZ, Kiwi Labels NZ & Rapid Labels NZ. The deal was report- ed to be worth A$381 million, and included eight production facilities with around 500 employees. ProAmpac , a flexible packaging and material sci- ence company based in Cincinnati, Ohio, acquired Ultimate Packaging , a company producing flex- ographic and digitally-printed flexible packaging based in the United Kingdom. Ultimate Packaging is reportedly one of the largest independent flexi- ble packaging manufacturers in the U.K., specializ- ing in the development of packaging solutions to increase product shelf life, convenience and recy- clability across a range of product sectors. Tekni-Plex signed a definitive agreement to ac- quire rigid packaging company Grupo Phoenix . It was the 15th acquisition in the past five years for the Wayne, Pennsylvania-based company. Fedrigoni SpA , a global company in the pro- duction of special papers for packaging, publish- ing and graphics, as well as premium labels and
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Flexo Market News December 20, 2021 3
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