Mactac® to acquire Spinnaker Coating

Mactac, a LINTEC Co., announces it has entered into an agreement to purchase the assets of Spinnaker Coating LLC, representing $130 million of specialty revenue at a price of $40 million. The acquisition is expected to close on Feb. 1, 2022, and consists of Spinnaker’s manufacturing facility and headquarters based in Troy, Ohio, and North American distribution centers located in Atlanta, GA; Chicago, IL; Los Angeles, CA; and, Vails Gate, NY. Spinnaker will operate as a standalone subsidiary of Mactac.

As part of LINTEC, Mactac is one of the largest, most diversified global pressure-sensitive adhesive (PSA) suppliers. Mactac’s acquisition of Spinnaker, which specializes in the customized production and distribution of pressure-sensitive roll label and sheet base materials in North America, creates a one-of-a-kind, world-class specialty labeling company.

With Spinnaker, LINTEC, and Duramark Products (formally Ritrama USA and acquired by Mactac earlier in 2021) serving the industry together, Mactac delivers customers unmatched technology, capability, service, and value. These combined pressure-sensitive adhesive technologies provide the North American market with necessary support and capacity.

“Mactac built upon our solid foundation adding enhanced service, capabilities and breadth of product offering,” says Ed LaForge, Mactac President/CEO. “Our combined product offering now encompasses all adhesive technologies, including hot-melt, solvent, silicone and emulsion. We offer a wide range of high-quality PSA materials for any application need, such as film, cast vinyl and specialty solutions. And, with Spinnaker’s unique business model, we will expand Mactac and Spinnaker specialty labelstock offerings to create a model unlike any other.”