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

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

At $2.843, the average price per gallon was down 1.6 cents, following last week’s 1.1 cent drop and a cumulative 7.1 cent cumulative drop over the last five weeks.

LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

Comments

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