Avery Dennison : August 31, 2021 Avery Dennison Completes Acquisition of Vestcom
August 01, 2021 at 02:12 am IST
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FOR IMMEDIATE RELEASE
GLENDALE, Calif. - AUGUST 31, 2021 - Avery Dennison Corporation (NYSE: AVY) today announced it completed the acquisition of Vestcom for the purchase price of $1.45 billion, subject to customary adjustments.
Vestcom, is a market-leading provider of pricing and branded labeling solutions at the shelf-edge for retailers and consumer packaged goods companies. It uses data management capabilities to synthesize and streamline store-level data and deliver item-specific, price-integrated messaging at the shopper's point of decision. Vestcom is now an Avery Dennison company.
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Avery Dennison Corporation published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 20:41:07 UTC.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).