Pressure sensitive label manufacturer MACtac LLC was acquired by Tokyo-based adhesive products manufacturer LINTEC Corp. The acquisition covers MACtac’s North American and Mexican production facilities and markets. Its European operation was sold to Avery Dennison in August. MACtac provides materials to the label printing, packaging, graphic design, retail display, fleet graphics, digital imaging, automotive and medical device industries.
LINTEC Corp. is already active in 15 countries, and the company says it will maintain current manufacturing and distribution activities in the North American market. LINTEC Corp. says it is particularly pleased with the adhesion formulas and high-speed coating technologies it will be acquiring as part of the transaction. In addition, the company will be taking over a strong brand with an extensive existing market. Prior to the transaction, LINTEC specialized in film-based products, but the group will be adding paper-based products to its portfolio with the acquisition of MACtac.