Paxar Corporation has purchased the business and assets of Adhipress SA, headquartered in Paris, for an undisclosed sum.
With facilities also in Bangladesh, Hong Kong and India, Adhipress is a supplier of price tickets and merchandising tags to French hypermarkets. In 2005, it had sales of €6.8 million ($8.2 million).
James Wrigley, President of Paxar EMEA, stated, "This acquisition expands Paxar's market share in the French retail sector, which accounts for five of the top 15 European retailers. It gives Paxar the opportunity to rapidly grow by introducing its full product line, including RF loss prevention solutions, to Adhipress customers, among them the world's second largest retailer, Carrefour, and also the Auchan retailing group."
Paxar Corporation is a global leader in providing identification solutions to the retail and apparel industry, worldwide. Paxar's leadership in brand development, merchandizing, information services and supply chain solutions enables the Company to satisfy customer needs around the world.
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