Avery Dennison Completes Acquisition of Hanita Coatings
GLENDALE, CA – February 28, 2017 – Avery Dennison Corporation (NYSE:AVY) today announced it has completed the acquisition of Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita and Tene Investment Funds.
Headquartered in northern Israel with sales and distribution facilities in the United States, Germany, China and Australia, Hanita develops and manufactures coated, laminated and metallized polyester films for a range of industrial and commercial applications.
Hanita Coatings will be known as Avery Dennison Hanita and will continue its operations as a distinct business unit.
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