Lintec – Acquisition of Mactac Americas
USA • Platinum Equity has signed a definitive agreement to sell Mactac Americas, LLC, to Lintec Corporation in a transaction valued at approximately usd 375 million. The sale is expected to be completed during Q4 2016. Platinum Equity acquired Mactac from Bemis Company, Inc. in 2014 and in 2016 it divested the company’s European business to Avery Dennison.
Platinum Equity Partner Louis Samson said Mactac has experienced a significant turnaround in recent years and will join Lintec with strong momentum. He also stated, that Mactac has achieved steady top-line growth, healthy margins and improved earnings over the past two years and noted that adjusted EBITDA grew more than 40% from 2014 to 2015.
Lintec, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in 15 countries around the world. Mactac, headquartered in Ohio, is a manufacturer and distributor of pressure sensitive labels with operations in the United States, Canada and Mexico. The company’s products are used in a wide range of industries including label printing, graphic design, packaging, digital imaging, retail display, fleet graphics, assembly engineering, automotive assembly, and medical device assembly.