ADDEV Materials completes acquisition of ATL Corp. to expand sustainable materials solutions
Sep 03, 2024•11 months ago
Acquiring Company
ADDEV Materials
Acquired Company
ATL
Description
TKO Miller, a leading middle market investment bank, has advised ATL Corp. on its sale to ADDEV Materials. ATL Corp., a manufacturer of disposable adhesive medical devices, pharmaceutical labels, and other converted and die cut components, has been acquired by ADDEV Materials, an entrepreneurial company specializing in customized materials solutions for high-end markets. This acquisition aligns with ADDEV Materials' purpose of converting industrial challenges into sustainable materials solutions and expanding its market presence in the medical and pharmaceutical sectors.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed