Possehl Group acquires Avery Dennison’s Industrial Print & Apply (IPA) business line
In March 2015, Possehl Group acquired Industrial Print & Apply ("IPA") business line from the US group Avery Dennison. From then on, the IPA business was run under the company name NOVEXX Solutions.
About Possehl
Managed by the holding company L. Possehl & Co. mbH, the Possehl Group is a diversified group currently with eight independently operating divisions organized within a decentralized structure. The Possehl Group is comprised of L. Possehl & Co. mbH and over 150 subsidiaries in more than 30 countries. In the 2014 fiscal year, the Group generated sales of around € 3.2 billion. At present, Possehl has more than 12,000 employees around the world.
The Company was established in Lübeck by Ludwig Possehl in 1847 for local trading in iron goods. The non-profit foundation Possehl-Stiftung has been the sole shareholder since 1919. The corporate structure enables the Possehl Group to remain independent and lays the foundations for long-term corporate decisions.
