Spinnaker Coating, LLC, a manufacturer of adhesive coated papers and films, announced that after only three months, it has experienced substantial traction and positive customer feedback as a result of its license acquisition from Avery Dennison Corporation in February 2012 to produce and sell the Crack ‘n Peel and FasTrack brands in the U.S. and Canada. As part of the agreement, Spinnaker acquired selected manufacturing assets, which were installed in the Troy facility and contributed to the acquisition’s success.
In a separate transaction, Spinnaker 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.
Commenting on these results, Louis A. Guzzetti, Jr, Chairman & Chief Executive Officer of Spinnaker Coating, said, “The acquisition of Crack n’ Peel and FasTrack brands has allowed us to further expand our product offerings and enhance our services. These brands have strengthened our competitive position in the pressure sensitive industry, which is a result of both the high quality of our products and our customer-driven culture that places service as our top priority.”