SATO acquires 75% stake in Russian label manufacturer

By Jenny Eagle contact

- Last updated on GMT

SATO acquires 75% stake in Okil Russia

Related tags: Russia

SATO in Japan has taken a 75% stake in Okil-Holding, and the company will now operate as a subsidiary within the SATO Group.

Okil fits perfectly into SATO’s strategic roadmap​,” said Kaz Matsuyama, president/CEO, SATO Holdings.

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​.”

Russia’s label market is expected to grow exponentially. The market has seen double digit growth since the late 2000s, with an average annual growth rate of 13% from the years 2009 to 2013.

Okil is headquartered in Saint Petersburg, Russia and holds the top position in the country’s label market with a 15% market share, recording $54.5m in sales in FY2013.

Related topics: Processing & Packaging

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