Company type | Public |
---|---|
ISIN | US0536111091 |
Industry | Packaging |
Predecessors |
|
Founded | 1935Los Angeles, California, U.S. as Kum Kleen Products | in
Founders | R. Stanton Avery (Avery International Corporation) Andrew Dennison Aaron Lufkin Dennison (Dennison Manufacturing Company) |
Headquarters | , U.S. |
Key people | Deon Stander (President and CEO) Mitch Butier (Executive Chairman) |
Products | Label materials, apparel branding labels, tags, tickets, specialty adhesive tapes, RFID, medical tapes, sensors, wound dressings |
Revenue | US$9.039 billion (2022) [1] |
US$999.3 million (2022) [1] | |
US$757.1 million (2022) [1] | |
Total assets | US$7.95 billion (2022) [1] |
Total equity | US$2.032 billion (2022) [1] |
Number of employees | c. 36,000 [1] (December 2022) |
Website | averydennison |
Avery Dennison Corporation is a multinational manufacturer and distributor of pressure-sensitive adhesive materials (such as self-adhesive labels), apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio. [1] [3]
The company was founded in Los Angeles, California in 1935 as Kum Kleen Products, a partnership of Mr. and Mrs. Ray Stanton Avery. The name was changed to Avery Adhesives in 1937. In 1946, the company was incorporated as Avery Adhesive Label Corp., and the name was subsequently changed to Avery Adhesive Products, Inc. in 1958, and to Avery Products Corporation in 1964. [4] The name was changed again to Avery International Corporation in 1976, and it became Avery Dennison after the company merged with the Dennison Manufacturing Company in 1990. [5]
H. Russell Smith, a college friend of Avery's, joined the company in 1946 as a one-third owner and for nearly 40 years was Avery's partner in entrepreneurship, serving at various times as the company's president, chief executive officer and chairman of the board. Smith incorporated the 50-person company in 1946, started its core label materials business, expanded operations across the U.S. and into Europe, and opened a renowned research center. As the company's representative to the financial community, he led its listing on the New York Stock Exchange in 1967. At Smith's death in 2014, CEO Dean Scarborough noted that “our company owes its existence and character in large part to Russ Smith's business acumen, personal integrity and generosity of spirit. He was the perfect partner for Stan Avery.” [6] [7] In 2022 the company won an ASC innovation award for "Advanced Acrylics Technology for High Performance Pressure Sensitive Adhesive Applications". [8]
The Dennison Manufacturing Company was founded by Andrew Dennison and his son Aaron Lufkin Dennison, residents of Brunswick. Maine, in 1844, as a jewelry- and watch-box manufacturing company located in the Dunlap Block of Maine Street. Five years later Aaron turned the Dennison Manufacturing Company over to his younger brother, Eliphalet Whorf Dennison, who took over and developed the company into a significant-size industrial enterprise. It was in 1898 that the business moved to a location in Framingham, Massachusetts. Aaron Dennison went on to co-found the Waltham Watch Company in 1850, a leader in the American system of watch manufacturing using interchangeable parts.[ citation needed ]
Avery Dennison created a separate division for office products such as binders, file labels and name badges in 1982. The division and its products, sold under the Avery brand and logo, contrasted with the company's larger materials division in that its products were finished (“converted”) materials, and they were aimed at consumers as well as businesses. Over the next 30 years, the division grew, as personal computing created a market for printable media both at home and at work. However, with the rise of email and the decline in conventional mail, the office products market as a whole began to decline. On July 1, 2013, Avery Dennison completed the sale of Office and Consumer Products and a second business, Designed and Engineered Solutions, to CCL Industries. CCL purchased the Avery office products brand along with the business. Avery Dennison retains its full name, history, brand and logo.[ citation needed ]
The company is headquartered in Mentor, Ohio. It ranked number 435 on the 2015 Fortune 500 list with total sales of $7.0 billion. [9] Its main lines of business are pressure-sensitive materials (contributing 73% of 2015 revenues) and retail branding and information solutions (contributing 26% of 2015 revenues). [10] The company operates in more than 50 countries and employs 25,000 people worldwide. [11] Its first overseas subsidiary was established in the Netherlands in 1955.[ citation needed ]
The company's operations are organized into three business units:
The Pressure-Sensitive Materials segment manufactures and sells pressure-sensitive roll-label materials, films for graphic applications, reflective highway-safety products, a variety of specialized tapes, performance polymers, and extruded films.
Printers take its label materials, which are manufactured in large rolls, and convert them into finished labels by printing, cutting and applying them to packaging for consumer goods such as shampoo, beverages and pharmaceuticals.
The Retail Branding and Information Solutions 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 information management products that the business provides include RFID-based systems.
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. [12] 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. [13]
In November 2023, Avery Dennison acquired Silver Crystal Group, a company that makes customized jerseys and apparel for sport organizations. [14]
In 2012, Avery Dennison and 3M Company agreed to settle patent and antitrust litigation between the parties. The litigation began when 3M alleged that Avery Dennison infringed 3M's patents related to retroreflective sheeting used for road signs and other highway and transportation products and requested an injunction to prevent Avery Dennison from selling its OmniCube retroreflective product. The court denied 3M's request, and after Avery Dennison brought claims of its own against 3M for patent infringement and antitrust violations, the parties agreed to dismiss three pending cases. [15] [16]
Duct tape is cloth- or scrim-backed pressure-sensitive tape, often coated with polyethylene. There are a variety of constructions using different backings and adhesives, and the term 'duct tape' has been genericized to refer to different cloth tapes with differing purposes. A variation is heat-resistant foil tape useful for sealing heating and cooling ducts, produced because the adhesive on standard duct tape fails and the synthetic fabric reinforcement mesh deteriorates when used on heating ducts.
A self-adhesive stamp is a postage stamp with a pressure-sensitive adhesive that does not require moistening in order to adhere to paper. They are usually issued on a removable backing paper.
A Post-it note is a small piece of paper with a re-adherable strip of glue on its back, made for temporarily attaching notes to documents and other surfaces. A low-tack pressure-sensitive adhesive allows the notes to be easily attached, removed and even re-posted elsewhere without leaving residue. The Post-it's signature adhesive was discovered accidentally by a scientist at 3M. Originally small yellow squares, Post-it Notes and related products are available in various colors, shapes, sizes and adhesive strengths. As of 2024, there are at least 28 documented colors of Post-it notes. 3M's Post-it has won several awards for its design and innovation.
CCL Industries Inc. is an American-Canadian company founded in 1951. It describes itself as the world's largest label maker. It is listed on the Toronto Stock Exchange, and is an S&P/TSX 60 Component. CCL consists of five divisions – CCL Label, CCL Container, Avery, Checkpoint, and Innovia. It has 154 manufacturing facilities in North America, Latin America, Europe, Asia, Australia and Africa operated by approximately 20,000 employees.
An adhesive label or sticky label is a small piece of paper designed to be affixed to any surface, typically by the action of removing a layer of adhesive on the front or back of the label. The term adhesive refers to a sticky substance, while something that is self-adhesive implies that it will stick without wetting or the application of glue to the product.
Avery may refer to:
Beiersdorf AG is a German multinational company that manufactures personal-care products and pressure-sensitive adhesives headquartered in Hamburg, Germany. Its brands include Elastoplast, Eucerin, Labello, La Prairie, Nivea, Tesa SE and Coppertone.
A label is a piece of paper, plastic film, cloth, metal, or other material affixed to a container or product, on which is written or printed information or symbols about the product or item. Information printed directly on a container or article can also be considered labelling.
Permacel, a division of the Nitto Denko company, is an industrial adhesive tape manufacturing company. Headquartered in Pleasant Prairie, Wisconsin, United States, the company produces 350 kinds of tape used in a broad range of industries, including paper masking tape, reinforced strapping tape, paper packaging tape, PTFE tape, film tape, double coated tape, transfer tape, repulpable tape, thread seal, foil tape, surface protective films and vinyl tape. Permacel manufactured and sold graphic art tapes until 2004 when that part of their business was sold to Shurtape Technologies.
Intermec is a manufacturer and supplier of automated identification and data capture equipment, including barcode scanners, barcode printers, mobile computers, RFID systems, voice recognition systems, and life cycle services.
A converter is a company that specializes in modifying or combining raw materials such as polyesters, adhesives, silicone, adhesive tapes, foams, plastics, felts, rubbers, liners and metals, as well as other materials, to create new products.
3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota.
Thermal paper is a special fine paper that is coated with a material formulated to change color locally when exposed to heat. It is used in thermal printers, particularly in inexpensive devices such as adding machines, cash registers, and credit card terminals and small, lightweight portable printers.
Topflight Corporation is a manufacturer of printed labels and die-cut components. Topflight is ISO 9001:2008 and ISO 13485:2003 certified and is one of the oldest privately owned label companies. Topflight creates products for varying industries: Medical Devices, Pharmaceutical, Consumer & Durable Goods, Cosmetic & Personal Care, Electronics, Tire and Automotive. Based on annual sales of printed and converted labels, Topflight is ranked number 21 on the Top Tag and Label Converters list.
FLEXcon is a worldwide manufacturer of pressure-sensitive film products for applications that include indoor and outdoor advertising, product identification and safety/hazard labels, bar coded labels, primary labels and bonding/mounting. FLEXcon also develops custom solutions to meet unique converting or application needs. The company is headquartered in Spencer, Massachusetts, and has operations throughout North America and Europe, with distribution worldwide.
R. Stanton Avery was an American inventor, most known for creating self-adhesive labels. Using a $100 loan from his then-fiancé Dorothy Durfee, and combining used machine parts with a saber saw, he created and patented the world's first self-adhesive die-cut labeling machine. In 1935, he founded what is now the Avery Dennison Corporation.
Schutt Sports was a United States company that manufactured protective gear for several sports, focusing on American football, baseball, softball, and lacrosse. Products manufactured by company, headquartered in Litchfield, Illinois, included helmets and other protections such as jockstraps, and shoulder pads. The company also produced American football sportswear including jerseys and pants.
Pressure-sensitive tape or pressure-sensitive adhesive tape is an adhesive tape that will stick with application of pressure, without the need for a solvent or heat for activation. It is known also in various countries as self-stick tape, sticky tape, or just adhesive tape and tape, as well as genericized trademarks, such as Sellotape, Durex (tape), Scotch tape, etc.
Chemence is a speciality chemical and medical device manufacturer which products include cyanoacrylate adhesives, anaerobic adhesives, impregnation sealants, adhesive activators, epoxy resins, UV adhesives, photopolymer resins, custom printer ink cartridges, Gas pipe sealants, and soak off nail polishes. Chemence is a supplier of photopolymer and commercial printers to the flexographic industry in the US and Europe, as well as the primary sealant supplier to British Gas, and a primary supplier of private-label adhesives to companies including Tesco, 3M, Bostik, and Bondo. The company's catalogue of patents includes processes, packaging devices, and chemical combinations.
The Ridge is a wallet and everyday carry product manufacturer specializing in minimalist RFID wallets. The Ridge was founded in 2013 by father-son duo Daniel and Paul Kane. The company initially relied on crowdfunding campaigns to finance the manufacturing of their products. The company's wallet patent has been the subject of litigation starting in 2020.