SATO America acquires Achernar of Argentina

SATO, a pioneer in the Automatic Identification and Data Collection (AIDC) industry and a leader in barcode printing, labeling, and EPC/RFID solutions, announced today that it has signed a definitive agreement to acquire Achernar of Argentina, a privately held corporation based in Buenos Aires, Argentina, and one of the region’s most renowned providers of adhesive labeling solutions founded in 1971.
By Modern Materials Handling Staff
March 21, 2012 - MMH Editorial

SATO, a pioneer in the Automatic Identification and Data Collection (AIDC) industry and a leader in barcode printing, labeling, and EPC/RFID solutions, announced today that it has signed a definitive agreement to acquire Achernar of Argentina, a privately held corporation based in Buenos Aires, Argentina, and one of the region’s most renowned providers of adhesive labeling solutions founded in 1971.

By its industry diversification and abilities to quickly respond to changes in market demands, Achernar provides specialty labels for the food, fruit, cosmetics, pharmaceutical, electronic, lubricant, and postal service industries. As an industry leading supplier to the region’s most renowned brands in its market, Achernar manufactures a wide range of labels including prime, promotional, variable information, security, and high durability label solutions.

“The acquisition of Achernar further illustrates our ongoing commitment to the South Cone region of South America with best in breed for labeling and identification solutions,” said Bob Linse, president of SATO America. “Our acquisition of NODOS in 2010 and now Achernar strengthens our business model of DCS and Labeling in the region. We are extremely pleased with this acquisition and welcome Achernar to the SATO team.”

“Achernar will assuredly continue to thrive after its acquisition by SATO as both corporations share a cultural and strategic fit.  With this action we heighten our abilities and growth opportunities across the region, and by harnessing the passion and dedication of our employees, we build upon the trust and confidence our customers have entrusted to us,” said Maria Olcese, General Manager of Achernar.

Terms of the agreement were not disclosed.



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Largely feeling the effects of the recently resolved West Coast ports labor disruption, railroad and intermodal volumes in February were down annually, according to data released by the Association of American Railroads (AAR) this week.

The year 2015 marks a major milestone for the industry, MHI is celebrating its 70th anniversary at ProMat 2015, held March 23-26, 2015.

While the Federal Motor Carrier Safety Administration has made strides in regards to better oversight of motor carriers through its Compliance, Safety, Accountability (CSA) and chameleon vetting safety programs, there is room for improvement for it to improve its oversight to better target high-risk carriers. That was the thesis of a report released this week by the United States General Accountability Office

With an eye on capitalizing on future trade and commerce growth in South Asia, express delivery and logistics services provider DHL today rolled out its plans to build an $85 million EUR ($93 million USD) DHL Express South Asia Hub, which will be a 24-hour express hub facility within the Changi Airfreight Center at the Singapore Changi Airport.

While the Federal Railroad Administration (FRA) has long stated its goal of having Positive Train Control (PTC) technology installed on 40 percent of its network by December 31, 2015, railroad industry stakeholders have repeatedly stated that reaching that deadline would be a stretch. It now appears that the railroad sector has some members of Congress sharing the same line of thought with legislation rolled out this week that pledges to extend the PTC deadline to 2020.

Comments

Post a comment
Commenting is not available in this channel entry.