Paxar purchases Adhipress

Paxar Corporation has announced that it has purchased the business and assets of Adhipress S.A., 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 EUR 6.8 million ($8.2 million).

James Wrigley, president, 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.’