SATO America, Inc. Acquires Achernar of Argentina

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 region¹s 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.