Beontag US expansion continues with USD $60m investment in new, best-in-class manufacturing facility to serve North American market

Beontag, one of the world’s largest manufacturers of pressure-sensitive adhesives and smart tags such as RFID and NFC, has announced an agreement to take on a 200,000 square foot industrial building in Dayton, Ohio, for a best-in-class manufacturing facility to support their North American expansion.

Beontag is set to invest more than USD $60 million in equipment, machinery, and tenant improvements over the next two years to bring this manufacturing facility to the highest international operational standards that the company is known for around the world. Boentag has committed to creating around 200 new jobs at the facility, which is expected to be fully operational by August 2024.

The state-of-the-art factory will allow the scale up of the production volumes through the utilization of more productive machinery, such as coaters, slitters, and sheeters for roll label stock, servicing the roll converter market. In addition, RFID and Linerless operations will be integrated in the same building.

Beontag's investments in the North American market began in September 2022 with the acquisition of Technicote, a company specializing in the pressure-sensitive adhesives market for more than 40 years. In addition to the new Ohio facility, Beontag will soon begin the process of merging Technicote, which will become Beontag US, reinforcing the multinational's strength and expertise to the United States market. Beontag is already one of the world’s largest manufacturers of pressure-sensitive adhesives and smart tags (RFID and NFC) with a commercial presence in more than 40 countries.

Commenting on the new facility, Ricardo Lobo, CEO of Beontag said: “Beontag has made no secret of our ambitious plans for US Expansion – which are dependent on state-of-the-art facilities, new and innovative equipment, strong infrastructure, and a great community of people. We’re very pleased to have found that in Dayton , Ohio and wish to thank the City and State offices that have helped make this ambition possible. On behalf of everyone in our truly global business, I’m glad to say that Beontag is looking forward to sharing the innovative products that will be manufactured here, with the wider North American market – and beyond.”

“We are excited that Beontag has chosen the Dayton Region as the home of their new Ohio facility,” said Dayton Development Coalition Executive Vice President of Regional Development Julie Sullivan. “This new facility will accommodate new equipment, technology, and employment growth.”

ENDS
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ABOUT BEONTAG
Beontag is a global business enabler that serves as one of the world’s leading providers of IoT solutions and pressure-sensitive adhesives. With operations in more than 15 countries and a footprint in over 40 markets, the multinational company offers end-to-end product capabilities for a range of industries and businesses, driving seamless communication between companies, products, and people.

Beontag’s business is underpinned by modern manufacturing facilities, strategic investments, R&D, and a range of highly qualified teams. Furthermore, the multinational is fully committed to enabling positive impacts across the entire value chain. As a member of the UN Global Compact since 2021, Beontag offers its customers a series of increasingly sustainable products while also working towards a diverse and equitable work environment. To learn more, visit: press-releases

ABOUT TECHNICOTE
Technicote, Inc., a Beontag company, was established in 1980 in Cuyahoga Falls, Ohio to service local roll converters. As a privately owned company, Technicote is small enough to care and big enough to deliver solutions across the pressure sensitive industry. We deliver this with four manufacturing and distribution facilities throughout North America and three strategic business units within the pressure sensitive market.

Forward-Looking Information
Any forward-looking statements in this press release are based on available current market material and management’s expectations, beliefs and forecasts concerning future events impacting Beontag. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of Beontag to differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions, or amendments to any forward-looking statements to reflect changes in our expectations or future events.