date:Jun 07, 2012
The Japan-based company, which specialises in shrink sleeves and sleeving equipment, said it had reached an agreement for the acquisition of self-adhesive label and labeling systems manufacturer Pago last week.
The deal is expected to be completed by 1 July, 2012. Major shareholders in privately-owned Pago are the Saluz family, which holds a 98％stake. Pago Holdings has a 1.2％share while the Pago management has 0.8％.
Headquartered in Grabs, Switzerland, Pago employs 955 workers at two large