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Eversheds Sutherland Belgium has advised Avery Dennison Corporation, on on the sale of its Offset Sheets business to Torraspapel.

  • Belgium

    30-09-2020

    Eversheds Sutherland (Belgium) has advised Avery Dennison Corporation, the U.S.-based leading producer of self-adhesive label and graphic materials, on the sale of its Offset Sheets business in the 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.

    The Eversheds Sutherland team was led by corporate partner Koen Devos and associate Maxiem Devos.

    This transaction will involve Lecta taking over the manufacture and sale of Avery Dennison’s portfolio of FASSON™ and JAC™ branded self-adhesive sheets business in EMENA. Lecta will manufacture these under a special limited licensing agreement with Avery Dennison, keeping the FASSON™ and JAC™ brand available through the existing network of distributors.

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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