Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
January 27, 2015

SATO acquires majority stake in label producer Okil

Barcode printing, labelling, and RFID solutions specialist SATO has acquired a 75% stake in Russian label manufacturer Okil for an undisclosed amount.

SATO

Barcode printing, labelling, and RFID solutions specialist SATO has acquired a 75% stake in Russian label manufacturer Okil for an undisclosed amount.

Headquartered in Saint Petersburg, Okil specialises in value-added product labels for the food and beverage, beauty and healthcare industries, and boasts a large customer base comprising local companies and a variety of major multinational corporations.

With around 15% market share in Russian label market, Okil generated $54.5m in sales in financial year 2013.

Okil will now operate as a subsidiary within the SATO Group.

"This acquisition allows us to further solidify that strategy, establishing a foothold in Russia and strengthening our network within BRICS markets."

Commenting on the deal, Okil founder and CEO Denis Okulov said: "We are excited to be moving into 2015 with SATO.

"Being part of the SATO Group will connect Okil to a wider global network, and allow us to deliver greater value to local customers through SATO’s diverse range of solutions."

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

SATO Holdings president and CEO Kaz Matsuyama said: "Okil is recognised as a local market leader and fits perfectly into SATO’s strategic roadmap.

"Our mid-term strategy is focused on achieving sustainable growth, while maximising value for customers across the globe. This acquisition allows us to further solidify that strategy, establishing a foothold in Russia and strengthening our network within BRICS markets, which offer tremendous growth opportunity."

SATO currently provides integrated Automatic Identification and Data Collection solutions that leverage barcode, two-dimensional stacked & QR code, colour code, digital watermarking, and UHF/HF/PJM RFID technologies.


Image: SATO Holdings president and CEO Kaz Matsuyama. Photo: courtesy of SATO.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU