Avery Dennison Completes Acquisition of Yongle Tape Company Ltd.
June 26 2017 - 8:30AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20170626005412/en/
Avery Dennison MediaRob Six, +1 626
304-2361rob.six@averydennison.comorAvery Dennison Investor
RelationsGarrett Gabel, +1 626
304-2399investorcom@averydennison.com
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