Avery Dennison - M&A Summary and Business Overview

Consumer ProductsCompany

Avery Dennison M&A Summary

Avery Dennison has acquired 14 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Avery Dennison’s largest acquisition to date was in 2021, when it acquired Vestcom for $1.5B. It’s largest disclosed sale occurred in 2013, when it sold Avery Dennison Label Converting & Consumer Products to CCL Industries for $500M. Avery Dennison has acquired in 9 different US states, and 6 countries. The Company’s most targeted sectors include chemicals (29%) and packaging (22%).

Avery Dennison Business Overview

Where is Avery Dennison headquartered?

Avery Dennison is headquartered in Mentor, Ohio.

What is Avery Dennison’s revenue?

Avery Dennison disclosed revenue of 9,039M USD for 2022 and 8,408M USD for 2021.

How many employees does Avery Dennison have?

Avery Dennison has 44,060 employees.

What sector is Avery Dennison in?

Avery Dennison is a consumer products company.

When was Avery Dennison founded?

Avery Dennison was founded in 1935.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 9
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

Avery Dennison

Avery Dennison Corp.

8080 Norton Parkway,
Mentor, Ohio 44060
United States,
(440) 534-6000
www.averydennison.com

Avery Dennison is a global provider of labeling and packaging materials and solutions. Avery Dennison's businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are sold to label printers and converters that "convert" the materials into labels and other products through embossing, printing, stamping and die-cutting. Some are sold in converted form as tapes and reflective sheeting. Avery Dennison also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related services, which are marketed to retailers and apparel manufacturers and brand owners. Avery Dennison was incorporated in 1935 and is based in Mentor, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 11 - 3 - - - 14
vol $2.2B $1.6B $3.8B
Sell (0.0/yr) # 1 - - - - - 1
vol $500M $500M
  15

Most Recent M&A

Company Date Value Type
Vestcom, Inc. 2021-07-28 1.5B USD Add-on Acquisition
Little Rock, Arkansas · www.vestcom.com
JDC Solutions, Inc. 2021-02-15 24M USD Add-on Acquisition
Mt Juliet, Tennessee · www.jdcinc.com
ACPO Ltd. 2021-01-04 88M USD Add-on Acquisition
Oak Harbor, Ohio · www.acpo.com
Smartrac NV - RFID Inlay Business 2019-11-20 254M EUR Divestiture
Amsterdam, Netherlands
Finesse Medical Ltd. 2017-05-22 - Add-on Acquisition
Longford, Ireland · www.finessemedical.com
Yongle Tape Co. Ltd. 2017-02-06 190M USD Add-on Acquisition
Hebei, China · www.yongletape.com
Hanita Coatings RCA Ltd. 2016-12-12 75M USD Add-on Acquisition
Hanita, Israel · www.hanitacoatings.com
Ink Mill Corp. 2016-09-12 - Add-on Acquisition
Sanbornton, New Hampshire · www.inkmillcorp.com
Mactac Europe SPRL 2016-04-27 225M EUR Divestiture
B-7060, Belgium · www.mactac.eu
Avery Dennison Label Converting & Consumer Products 2013-01-30 500M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Chemicals 4 (29%) 289M (8%) - -
Packaging 3 (21%) 313M (8%) - -
Business Services 1 (7%) 1.3B (35%) 1 (100%) 500M (100%)
Apparel/Textiles 1 (7%) - - -
Distribution 1 (7%) - - -
Healthcare Services 1 (7%) - - -
Marketing 1 (7%) 1.5B (38%) - -
Safety/Security 1 (7%) 137M (4%) - -
Semiconductors 1 (7%) 254M (7%) - -
Total 14 $3.8B 1 $500M

By Geo

State/Country Buy Value Sell Value
United States 9 3.0B 1 500M
  Wisconsin 1 - - -
  Tennessee 1 24M - -
  Ohio 1 88M - -
  North Carolina 1 - - -
  New York 1 1.3B - -
  New Hampshire 1 - - -
  Illinois 1 137M - -
  California 1 - - -
  Arkansas 1 1.5B - -
Belgium 1 225M - -
China 1 190M - -
Ireland 1 - - -
Israel 1 75M - -
Netherlands 1 254M - -
Domestic 9 (64%) 3.0B (80%) 1 (100%) 500M (100%)
Cross-border 5 (36%) 744M (20%) - -
Total 14 $3.8B 1 $500M

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
J.P. Morgan Securities
 1
Legal Deals
Latham & Watkins
 1
Wachtell, Lipton, Rosen & Katz LLP
 1

Deal Values

buy # Total
> $1B 2 $2.8B
$100M to $1B 4 $806M
< $100M 3 $187M
TOTAL $3.8B
Largest Vestcom, Inc.
$1.5B (2021-07-28)
sell # Total
$100M to $1B 1 $500M
TOTAL $500M
Largest Avery Dennison Label Converting & Consumer Products
$500M (2013-01-30)

M&A Connections

Deals
Acquired from
Investor(s)
36%
5 (36%)
Strategic(s)
14%
2 (14%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Consumer Products

Revenue

9,039   8% 2022
8,408   21% 2021
6,972   2% 2020
7,070   2% 2019
7,159   9% 2018
6,614   9% 2017
6,087   3% 2016
5,967   6% 2015
6,330   4% 2014
6,140   5% 2013
5,863   2012
(millions of USD) Show More Show Less

Employees

44,060

Established

1935

Public

NYSE: AVY

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