- March 19, 2012
TROY, OH | Spinnaker Coating, a manufacturer of adhesive coated films and papers, has acquired from Avery Dennison Corp. license to produce and sell the Crack ‘n Peel and FasTrack brands in the US and Canada. These products are sold in the commercial sheet-fed sector. As part of the agreement, Spinnaker has acquired selected manufacturing assets that have been installed at the Troy facility.
Spinnaker has also made an agreement with Avery Dennison’s Office and Consumer Products business to sell and distribute Avery-brand die-cut labels to paper merchants in the US and Canada.
Kevin Ahlfeld, VP of Spinnaker’s Merchant Business, says, “ The Crack n’ Peel and FasTrack brands have strong brand recognition in the marketplace and are an excellent fit with our current sheet and die-cut business. Moreover, we plan to expand these brands into the growing market for digital printing.
Ahlfeld adds, “These acquisitions enhance our already strong competitive position in the pressure-sensitive industry, which is due not only to the quality of our products but is also based on our customer-driven culture that places service as our top priority.”