GLENDALE, Calif.--(BUSINESS WIRE)--Jun. 26, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced it has completed
the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty
tapes and related products in a variety of industrial markets, from its
management and private equity firm ShawKwei & Partners.
Headquartered in China’s Hebei Province, with production facilities in
Zhuozhou and Shanghai, Yongle Tape is China’s leading manufacturer of
cable harnessing and insulation tapes. The company is a key supplier to
both Chinese and global automakers, with a portfolio of high-value
products that are specified by the automotive OEMs and their suppliers.
Yongle Tape will operate within Avery Dennison’s Industrial and
Healthcare Materials business group, working in close collaboration with
the company’s global Performance Tapes and Fastener Solutions businesses.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in pressure-sensitive and
functional materials, and labeling solutions for the retail apparel
market. The company’s applications and technologies are an integral part
of products used in every major industry. With operations in more than
50 countries and more than 25,000 employees worldwide, Avery Dennison
serves customers in the consumer packaging, graphical display,
logistics, apparel, industrial and healthcare industries. Headquartered
in Glendale, California, the company reported sales of $6.1 billion in
2016. Learn more at www.averydennison.com.
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Source: Avery Dennison Corporation
Avery Dennison Media
Rob Six, +1 626 304-2361
Dennison Investor Relations
Garrett Gabel, +1 626 304-2399