Divisions
The company's operations are organized into two business segments: Materials Group and Solutions Group. With $5.8 billion in net sales in 2023,[14] Materials Group manufactures and produces pressure-sensitive materials such as labels, graphics, reflective and functional. Solutions Group accounted for $2.6 billion in net sales in the same year, manufacturing solutions such as RFID, branded tag and embellishment, data management and identification and pricing and productivity.
The Solutions Group segment designs, manufactures, and sells various branding and information management products for apparel and general retail, including tickets, graphic, barcode and radio-frequency identification (RFID) tags, labels and inserts, woven and printed labels, external embellishments, price management systems, a variety of fasteners, and related supplies and equipment. The branding and information management products that the business provides include RFID-based systems. In 2007 the company acquired Paxar,[15] a manufacturer of identification and tracking systems for all aspects of the retail supply chain.
In 2016, Avery Dennison acquired Mactac,[16] a European business, as well as Ink Mill Corporation,[17] a U.S.-based business, in order to combine the latter's ink capabilities with the Avery Dennison portfolio for reflective media. Later that year, Avery Dennison invested in PragmatIC[18] (flexible electronics) for the purpose of expansion in intelligent packaging.
In 2017, Avery Dennison acquired Finesse Medical,[19] an Irish company that brought new products and manufacturing capabilities in the high-value healthcare materials business; Hanita Coatings,[20] a pressure-sensitive materials manufacturer of specialty films and laminates; and Yongle Tape Company Ltd.,[21] a manufacturer of specialty tapes and related products. Additionally, Avery Dennison invested in Wrapify,[22] looking to expand the car wrap industry.
In 2019, Avery Dennison joined Wiliot's original investor group in a $30 Million Series B funding round[23] in a bid to focus on battery-free Bluetooth sensors that are paper-thin and can connect people with their products and packaging. In 2020, the company acquired the RFID transponder business from Smartrac[24] and invested in Roadrunner Recycling.[25]
The company launched atma.io,[26] a "digital product cloud to connect physical and digital worlds," in 2021. The focus of the platform is on creating and managing digital IDs for products. The same year, Avery Dennison also acquired ACPO Ltd,[27] a leader in the manufacture of self-wound (linerless) pressure-sensitive overlaminate products in North America; Vestcom, a provider of pricing and branded labeling solutions for the retail shelf edge; JDC Solutions,[28] U.S.-based manufacturer of pressure-sensitive specialty tapes; and ZippyYum,[29] a California-based startup that develops and sells software and hardware solutions for operational automation and inventory management for food retailers.
In February 2022, it was announced Avery Dennison had acquired the Frick, Switzerland-based company, TexTrace, a technology developer specializing in custom-made woven and knitted RFID products that can be sewn onto or inserted into garments.[30] In March 2022, Avery Dennison announced it had acquired the linerless label technology developed by the UK company, Catchpoint Ltd. The purchase covers Catchpoint's patents and brand.
The company also operates Avery Dennison Medical, which provides products such as wearable sensors, barrier films, wound dressings and a variety of tapes and securement products for the healthcare industry. Results for Vancive Medical Technologies are reported in Other specialty converting businesses. Vancive Medical Technologies products are sold to medical products and device manufacturers.[31]
Early in 2023, Avery Dennison announced an investment in Circ[32] for textile-to-textile recycling. In addition, the company acquired Thermopatch,[33] a specialist in labeling, embellishments, and transfers for the sports, industrial laundry, workwear and hospitality industries, as well as Lion Brothers,[34] a designer and manufacturer of apparel brand embellishments. In November 2023, Avery Dennison acquired Silver Crystal Group, a company that makes customized jerseys and apparel for sport organizations.[35]
