Avery Dennison Completes Acquisition of Vestcom
31 August 2021 - 10:30PM
Business Wire
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.
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials
science company specializing in the design and manufacture of a
wide variety of labeling and functional materials. The company’s
products, which are used in nearly every major industry, include
pressure-sensitive materials for labels and graphic applications;
tapes and other bonding solutions for industrial, medical, and
retail applications; tags, labels and embellishments for apparel;
and radio frequency identification (RFID) solutions serving retail
apparel and other markets. Headquartered in Glendale, California,
the company employs more than 32,000 employees in more than 50
countries. Reported sales in 2020 were $7.0 billion. Learn more at
www.averydennison.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005842/en/
Media Contact Rob Six (626) 304-2361
rob.six@averydennison.com
Investor Relations John Eble (440) 534-6290
john.eble@averydennison.com
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