Avery Dennison, a global leader in labeling and packaging solutions, is pleased to announce the acquisition of the Ink Mill Corporation, a 26-employee, New Hampshire-based business, for an undisclosed purchase price. This acquisition combines Ink Mill's digital ink capabilities and technology with Avery Dennison's extensive reflective media experience and portfolio. "This acquisition creates a marriage of our media expertise with current and next-generation ink technologies, strengthening relationships with our customers and OEM printer partners,” said Nick Tucci, VP Sales, Materials Group North America. “Adding Ink Mill to our team brings new capabilities and experience, and we’re enthusiastic about the opportunities this presents to our customers."
January–September 2018 (1–9/2017)
•Sales were EUR 4,290 million (3,712).
•Operating result was EUR 635 million (397). Comparable operating result was EUR 641 million (381).
•Result before tax was EUR 576 million (345). Comparable result before tax was EUR 582 million (330).
•Comparable return on capital employed was 17.1% (11.2).
•Cash flow from operations was EUR 591 million (611).
July–September 2018 (7–9/2017)
•Sales were EUR 1,386 million (1,260).
•Operating result was EUR 223 million (143). Comparable operating result was EUR 223 million (134).
•Result before tax was EUR 208 million (109). Comparable result before tax was EUR 208 million (100).
•Comparable return on capital employed was 18.3% (10.8).
•Cash flow from operations was EUR 314 million (420).
President and CEO Ilkka Hämälä: “Strong demand for our products continued in the third quarter. The prices of different product groups remained stable or rose slightly. The market situation, combined with the high sales volume enabled by our development investments, led to an excellent financial result.
In terms of the Group’s development path, we completed our birch plywood investments in Äänekoski and Pärnu, and immediately after the review period, we decided on a new industrial demo plant to produce wood-based textile fibres to be built at Äänekoski. We are continuing the LVL mill investment at Punkaharju and exploring development options for our pulp mill in Kemi.
Converting Finnish wood into diverse carbon-storing products and the combined development of forest management services that support the sustainable growth of forests represent Metsä Group’s actions to combat climate change.”
more detail at: https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=C45B1FF948965A9B&Title=MetsaGroupscomparableoperatingresultinJanuarySeptember2018wasEUR641million