Mactac North America: Company Profile
Background
Overview
Mactac North America, established in 1959 and headquartered in Stow, Ohio, is a leading manufacturer of pressure-sensitive adhesive (PSA) materials. The company specializes in providing innovative adhesive solutions across various industries, including label printing, graphic design, packaging, retail display, fleet graphics, automotive assembly, and medical device assembly. Mactac's mission is to deliver superior quality products and exceptional customer service, positioning itself as a trusted partner in the PSA industry.
Mission and Vision
Mactac's mission is to be the world's most respected and preferred provider of pressure-sensitive materials by offering innovative solutions, quality products, and outstanding customer service. The company's vision is to lead the PSA industry through continuous innovation and a commitment to excellence.
Industry Significance
With over six decades of experience, Mactac has become a significant player in the PSA market, known for its robust adhesive technologies and flexible manufacturing capabilities. The company's products are integral to a wide range of applications, from durable goods labeling to medical device assembly, underscoring its versatility and industry impact.
Key Strategic Focus
Core Objectives
Mactac aims to provide innovative adhesive solutions that meet the evolving needs of its customers, ensuring high-quality products and exceptional service. The company focuses on expanding its product offerings and enhancing its manufacturing capabilities to maintain a competitive edge in the PSA industry.
Areas of Specialization
Mactac specializes in various adhesive technologies, including hot-melt, solvent, emulsion, and UV adhesives. The company offers a diverse range of products, such as roll labels, graphics signage solutions, engineered tapes, laminates, merchant sheets, and medical and diagnostic adhesive products.
Key Technologies Utilized
Mactac employs advanced manufacturing technologies, including state-of-the-art coating technology and automated facilities, to produce high-quality PSA materials. The company has invested in equipment like dual hot melt/emulsion coaters, solvent/emulsion coaters, vinyl casting lines, and hot-melt adhesive extruders to enhance production efficiency and product quality.
Primary Markets Targeted
Mactac serves a broad spectrum of markets, including label printing, graphic design, packaging, retail display, fleet graphics, automotive assembly, and medical device assembly. The company's products are used in applications ranging from durable goods labeling to medical device assembly, highlighting its versatility and broad market reach.
Financials and Funding
Funding History
In 2016, Mactac was acquired by LINTEC Corporation, a global leader in adhesive materials, for approximately $375 million. This acquisition has enabled Mactac to leverage LINTEC's resources and expertise, facilitating its growth and expansion in the PSA market.
Recent Funding Rounds
Specific details regarding recent funding rounds are not publicly disclosed. However, Mactac has made strategic investments to expand its operations, including the acquisition of CSI – SoCal, a custom slitting and distribution center in Ontario, California, in 2022. This $2.5 million investment aimed to enhance Mactac's roll label slitting and distribution capabilities on the West Coast.
Notable Investors
LINTEC Corporation is the primary investor in Mactac, having acquired the company in 2016. Prior to this, Mactac was owned by Platinum Equity, which acquired the company in 2014 and subsequently sold it to LINTEC in 2016.
Utilization of Capital
Mactac has utilized its capital to invest in operational expansions, technological advancements, and strategic acquisitions to enhance its product offerings and market presence. The acquisition of CSI – SoCal, for instance, was part of a broader strategy to expand Mactac's production network and distribution footprint, aligning with its growth plans for pressure-sensitive films, graphic products, and specialty coating and service programs.
Pipeline Development
Key Pipeline Candidates
Mactac's pipeline includes a range of PSA materials designed for various applications, such as durable goods labeling, medical device assembly, and graphic design. The company continually develops and refines its product offerings to meet the evolving needs of its customers.
Stages of Development
Mactac's products are in various stages of development, from initial concept to market-ready solutions. The company invests in research and development to innovate and improve its product offerings continually.
Target Conditions
Mactac's products are designed to meet the specific requirements of different industries, including durability, adhesion strength, and environmental resistance. The company focuses on developing solutions that address the unique challenges of each application, such as labeling in cold or damp conditions for the food and beverage industry.
Anticipated Milestones
Mactac anticipates achieving milestones related to product development, market expansion, and operational enhancements. The company continues to invest in its capabilities to meet customer needs and maintain a competitive edge in the PSA market.
Technological Platform and Innovation
Proprietary Technologies
Mactac has developed proprietary technologies, such as the B-free® (bubble-free) air-egress adhesive technology, which allows for easy application of large-format graphics without air bubbles. This innovation has been instrumental in the company's success in the graphics and signage market.
Significant Scientific Methods
Mactac employs advanced coating technologies and automated manufacturing processes to produce high-quality PSA materials. The company's facilities include dual hot melt/emulsion coaters, solvent/emulsion coaters, vinyl casting lines, and hot-melt adhesive extruders, enabling efficient production and customization of adhesive products.
AI-Driven Capabilities
While specific details about AI-driven capabilities are not publicly disclosed, Mactac's commitment to innovation suggests ongoing efforts to integrate advanced technologies into its operations to enhance product development and manufacturing processes.
Leadership Team
Executive Profiles
- Ed LaForge: President and CEO of Mactac, Ed has been instrumental in leading the company's growth and operational improvements. Under his leadership, Mactac has achieved significant milestones, including the acquisition of Spinnaker Coating, LLC, and the expansion of its manufacturing capabilities.
- Dalia Naamani-Goldman: Vice President of Sales and Marketing at Mactac North America, Dalia has played a key role in expanding the company's market presence and enhancing customer relationships. She has been involved in strategic initiatives that have contributed to Mactac's growth and success.
Key Contributions
The leadership team at Mactac has been pivotal in driving the company's strategic initiatives, including operational expansions, technological advancements, and strategic acquisitions, positioning Mactac as a leader in the PSA industry.
Leadership Changes
Recent Appointments
Specific details regarding recent leadership changes are not publicly disclosed. However, Mactac's leadership team continues to focus on strategic growth and operational excellence to meet the evolving needs of the PSA market.
Competitor Profile
Market Insights and Dynamics
The PSA market is characterized by steady demand across various industries, including labeling, packaging, and medical devices. Key trends include the adoption of sustainable materials, technological advancements in adhesive formulations, and the expansion of applications in emerging markets.
Competitor Analysis
Mactac faces competition from several notable companies in the PSA industry, including:
- Avery Dennison: A global materials science and manufacturing company specializing in labeling and functional materials.
- 3M: A multinational conglomerate known for its broad range of products, including industrial adhesives, tapes, and durable label solutions.
- Flexcon: A manufacturer of pressure-sensitive film and adhesive products for applications such as graphics and labeling.
- UPM Raflatac: A global company in the forest industry that produces self-adhesive label materials.
- ORAFOL Europe: A manufacturer specializing in self-adhesive graphic films, reflective materials, and adhesive tape systems.
These competitors offer a range of products and services that overlap with Mactac's offerings, contributing to a dynamic and competitive market landscape.
