Avery Dennison to Acquire JDC Solutions, Inc.
15 Febrero 2021 - 5:45AM
Business Wire
Avery Dennison (NYSE:AVY) said today it has agreed to acquire
JDC Solutions, Inc., a privately owned manufacturer of
pressure-sensitive specialty tapes headquartered in Mount Juliet,
Tennessee, for the purchase price of $24 million. JDC employs
approximately 75 employees located at its headquarters and
manufacturing site in Tennessee, with approximately $30 million in
annual revenue.
JDC manufactures specialty tapes for use in a variety of
high-value industrial applications, and has longstanding
relationships with U.S. converters serving the automotive, consumer
appliance, and building and construction industries, among others.
Upon completion of the acquisition, JDC’s manufacturing operations,
workforce and product portfolio will become part of Avery
Dennison’s Performance Tapes North America business.
The acquisition is expected to close in Q1, subject to customary
conditions and approvals.
About Avery Dennison
Avery Dennison (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 30,000 employees in more than 50 countries. Reported
sales in 2020 were $7.0 billion. Learn more at
www.averydennison.com.
About JDC Solutions, Inc.
JDC is a third-generation, privately-held company, founded in
1973 with headquarters in Mt. Juliet, Tennessee. JDC manufactures
solution-based pressure-sensitive specialty tapes for use in
automotive, appliance, building and construction, computer
disk-drive, and healthcare applications. JDC has long focused on
providing solutions globally to critical application needs through
a commitment to product quality, technical asset capability and
workforce competence. Learn more at www.jdcinc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210215005047/en/
Avery Dennison Media Contact Holly Billik T: +1 (440)
463-7292 holly.billik@averydennison.com
Avery Dennison Investor Relations John Eble T: +1 (440)
534-6290 investorcom@averydennison.com
JDC Solutions, Inc. Media Contact Ivan Clymer T: +1 (615)
754-9797 ext. 123 clymer@jdcinc.com
Avery Dennison (NYSE:AVY)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Avery Dennison (NYSE:AVY)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024