Avery Dennison

Avery Dennison Corporation is a global manufacturer of pressure-sensitive materials and a wide range of related products, including labels, tags, and tickets. The company operates primarily through two segments: Label and Graphic Materials and Retail Branding and Information Solutions. Its Label and Graphic Materials segment provides pressure-sensitive label and packaging materials, graphics, and reflective products, serving various markets such as home care, beverages, pharmaceuticals, and automotive. The Retail Branding and Information Solutions segment offers brand embellishments, sustainable packaging, and item-level RFID solutions, catering to retailers, brand owners, and manufacturers. Additionally, Avery Dennison has a notable presence in international markets, generating a significant portion of its revenue from operations outside the United States. Founded in 1935 and headquartered in Glendale, California, the company was formerly known as Avery International Corporation until its name change in 1990.

Steve Flannery

Senior Vice President and General Manager Europe

Deon Stander

CEO, President and Board Member

25 past transactions

Circ

Series B in 2023
Circ, founded in 2011 and based in Danville, Virginia, operates a textile recycling business. It focuses on transforming discarded clothing into valuable raw materials for fabric production. Circ's proprietary technology enables it to cost-effectively recycle various fiber types, including cotton, poly-cotton, polyester, and nylon, using water as a solvent. The company aims to meet consumer demands for sustainability without compromising quality, price, or convenience. It produces market-grade dissolving pulp and petroleum monomers equivalent to virgin materials, which can be sold at competitive prices to manufacturers.

Modern Milkman

Series C in 2022
Modern Milkman is a grocery delivery service focused on reducing waste and minimizing plastic usage. The company delivers a variety of products, including fresh milk, breakfast items, milkshakes, fruit juice, eggs, butter, cream, bakery products, vegetable boxes, coffee, tea, and soft drinks. These items are packaged in returnable glass bottles, reusable containers, or recyclable packaging, supporting sustainable consumer habits. By sourcing products from local farmers, Modern Milkman aims to promote ethical shopping while providing convenience to customers. The company's mission is to revolutionize how consumers approach grocery shopping, encouraging them to return and reuse packaging and make environmentally friendly choices.

Gauzy

Series D in 2022
Gauzy, established in 2009, is a global leader in light control glass technology. Headquartered in Tel Aviv, Israel, with operations in the US and Germany, the company specializes in developing, manufacturing, and marketing LCG® (light control glass) technology. Gauzy's innovative products, including SPD and PDLC films, enable glass to transition from transparent to varying degrees of opacity, offering custom shading, solar control, and transparent displays. Their solutions are used in diverse applications such as architecture, automotive, aviation, and consumer electronics, serving global brands like Crowne Plaza, Deloitte, and The Ritz Carlton. Gauzy's global presence includes dedicated production facilities, R&D centers, sales offices, and a network of certified partners, bringing its technology to over 40 countries.

TexTrace

Acquisition in 2022
TexTrace is a company based in Frick, Switzerland, specializing in custom-made woven and knitted RFID labels tailored for the fashion industry. The company focuses on developing intelligent brand labels that maintain the original look and feel of the brand while withstanding various textile processes, such as stone and enzyme washes. TexTrace's RFID labels serve as an all-in-one solution, enhancing product branding, theft protection, customer interaction, and product availability. Their offerings include not only the labels but also innovative components and production technology. The RFID products are designed to be soft, durable, and washable, allowing them to be easily sewn into garments or inserted into various textile applications. This integration enables brands and retailers to streamline business processes related to inventory management, loss prevention, omnichannel operations, and contactless checkouts.

Vestcom

Acquisition in 2021
Vestcom International, Inc. is a provider of customized shelf-edge communication and marketing solutions aimed at enhancing the retail shopping experience. Based in Little Rock, Arkansas, the company offers a range of innovative tools, including Stackz for pre-cut promotional stacks, ISMAds for advertising campaigns, adSigns for in-store promotions, and shelfStrips for effective shelf marketing. Other notable offerings include snapTalker, which highlights promotional offers, pegAssist for custom category backgrounds, @shelf to transform smartphones into selling tools, and healthyAisles, which provides FDA-based nutritional advice. Vestcom serves supermarkets and drug stores across the United States, helping retailers maximize their shelf space, reduce operational costs, and improve sales and product margins. The company was incorporated in 1996 and maintains a strategic partnership with Eversight.

RoadRunner Recycling

Series C in 2020
RoadRunner Recycling, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in recycling and waste management services for businesses. Founded in 2014, it offers a range of services including cardboard and paper recycling, mixed recycling, waste management, compost services, dumpster rental, and one-time pickups. The company leverages technology to provide efficient solutions that help commercial waste generators reduce their recurring costs. By implementing innovative logistics strategies, RoadRunner Recycling significantly decreases fuel consumption and carbon emissions, while maximizing the value extracted from recyclable materials. This approach not only leads to substantial cost savings for businesses but also enhances their environmental performance.

Gauzy

Series C in 2020
Gauzy, established in 2009, is a global leader in light control glass technology. Headquartered in Tel Aviv, Israel, with operations in the US and Germany, the company specializes in developing, manufacturing, and marketing LCG® (light control glass) technology. Gauzy's innovative products, including SPD and PDLC films, enable glass to transition from transparent to varying degrees of opacity, offering custom shading, solar control, and transparent displays. Their solutions are used in diverse applications such as architecture, automotive, aviation, and consumer electronics, serving global brands like Crowne Plaza, Deloitte, and The Ritz Carlton. Gauzy's global presence includes dedicated production facilities, R&D centers, sales offices, and a network of certified partners, bringing its technology to over 40 countries.

Pragmatic

Venture Round in 2019
Pragmatic is a developer of ultra-low-cost flexible integrated circuits, known as FlexICs, which are thinner than human hair and can be seamlessly embedded in various objects. This innovative technology allows designers to create application-specific flexible devices efficiently and at a fraction of the cost and time compared to traditional silicon circuits. Pragmatic also offers standard FlexIC products that enhance established applications like RFID and NFC, facilitating the creation of smart objects that can interact with consumers and their environments. The company's manufacturing is powered by the FlexLogIC production system, which enables cost-effective, high-volume production with significantly lower capital investments compared to conventional silicon fabrication methods. Pragmatic's technology is being increasingly adopted by a diverse range of global companies in markets such as consumer goods, retail, healthcare, pharmaceuticals, gaming, and security. Headquartered in Cambridge, UK, Pragmatic operates its first billion-unit production facility in Sedgefield.

Wiliot

Series B in 2019
Wiliot Ltd. is a semiconductor company founded in 2017 and headquartered in San Diego, California. The company specializes in developing wireless chipsets that enhance connectivity and intelligence for everyday products and packaging, effectively integrating them into the Internet of Things. Wiliot's innovative platform combines cloud services with self-powered IoT stickers, which harness radiofrequency energy to operate. This technology allows clients, including major brands in the food and pharmaceutical sectors, to gain insights into their products' locations, usage patterns, and replenishment needs. By transforming how products are made, distributed, sold, used, and recycled, Wiliot is at the forefront of redefining product connectivity and management.

VeriSolutions

Series A in 2018
VeriSolutions, founded in 2015, is an early-stage technology company specializing in the Internet of Things (IoT) for the restaurant industry. The company has developed a comprehensive hardware-enabled software platform that includes a suite of restaurant operations software and a cold-chain management solution. This platform incorporates sensors to monitor food temperatures, helping restaurants prevent inventory loss and optimize staff efficiency. By providing operational oversight for daily activities and ensuring food safety, VeriSolutions aims to enhance the operational effectiveness of restaurants, addressing critical needs within the industry.

Finesse Medical

Acquisition in 2017
Finesse Medical Ltd is a developer and manufacturer of advanced healthcare products focused on wound and skin care solutions. Established in 2004 and based in Longford, Ireland, the company specializes in creating a variety of technologies for managing diverse wound and skin conditions. Its product offerings include polyurethane foam dressings, hydrocolloids, skin barrier films, and specialized creams for conditions such as psoriasis and eczema. In addition to its product line, Finesse Medical provides comprehensive contract manufacturing services that encompass tube and bottle filling, RF welding, die cutting, packaging, and sterilization. The company also engages in product development services, including material sourcing, testing, and clinical reporting, ensuring high-quality outcomes for its clients. Finesse Medical operates as a subsidiary of Avery Dennison Corporation.

Wrapify

Venture Round in 2017
Wrapify, Inc. is a San Diego-based company that operates a crowdsourced advertising platform connecting drivers with brands to facilitate on-vehicle advertising campaigns. Founded in 2015, Wrapify allows drivers to earn additional income by wrapping their vehicles in advertisements, transforming everyday commutes into mobile marketing opportunities. The platform combines the effectiveness of out-of-home advertising with the scalability and accountability of digital marketing, enabling brands to reach diverse audiences and measure campaign performance through real-time analytics. With over 200,000 drivers participating in the program, Wrapify supports a wide range of Fortune 500 companies in executing and managing their advertising initiatives across various screens and channels, enhancing brand awareness and consumer engagement.

Yongle Tape Co.,Ltd

Acquisition in 2017
Yongle Tape Co., Ltd. is a manufacturer based in Hebei, China, specializing in PVC films, pressure-sensitive adhesive products, tapes, and tape manufacturing equipment. Established in 1985, the company produces a diverse range of tape products tailored for various industries, including automotive, electronics, electrical appliances, construction, and packaging. Its offerings include PVC electrical tapes, rubber tapes for telecommunications, and specialized tapes for mining, piping, marking, and warning applications. In January 2014, Yongle Tape Co., Ltd. rebranded from its former name, Hebei Huaxia Group. As of June 26, 2017, it operates as a subsidiary of Avery Dennison Corporation, further enhancing its capabilities and market reach.

Hanita Coatings

Acquisition in 2016
Hanita Coatings RCA Ltd. is a manufacturer based in Hanita, Israel, specializing in engineered polyester films and laminates for various industrial and consumer applications. The company focuses on the development and conversion of coated, laminated, and metallized polyester films, providing a diverse array of products including automotive window films, architectural solar control films, and energy-efficient films for applications such as insulation and photovoltaics. Additionally, Hanita Coatings offers topcoated polyester label face films and digital print media. Serving multiple industries such as appliances, automotive, construction, electronics, and hospitality, the company distributes its products through a network of distributors, sales offices, and representatives both in Israel and internationally. Founded in 1985, Hanita Coatings operates warehousing and distribution facilities in several countries, including the United States, Germany, and Australia. It is owned by Kibbutz Hanita and Tene Investments.

Pragmatic

Venture Round in 2016
Pragmatic is a developer of ultra-low-cost flexible integrated circuits, known as FlexICs, which are thinner than human hair and can be seamlessly embedded in various objects. This innovative technology allows designers to create application-specific flexible devices efficiently and at a fraction of the cost and time compared to traditional silicon circuits. Pragmatic also offers standard FlexIC products that enhance established applications like RFID and NFC, facilitating the creation of smart objects that can interact with consumers and their environments. The company's manufacturing is powered by the FlexLogIC production system, which enables cost-effective, high-volume production with significantly lower capital investments compared to conventional silicon fabrication methods. Pragmatic's technology is being increasingly adopted by a diverse range of global companies in markets such as consumer goods, retail, healthcare, pharmaceuticals, gaming, and security. Headquartered in Cambridge, UK, Pragmatic operates its first billion-unit production facility in Sedgefield.

Ink Mill

Acquisition in 2016
Ink Mill Corporation is a manufacturing company that specializes in the production of specialty inkjet inks for a variety of applications. The company offers a diverse range of ink formulations, including full solvent, eco solvent, bio solvent, water-based, UV, and LED inks, catering to industries such as grand-format and wide-format graphics, as well as industrial applications. With a team of experienced product development engineers, Ink Mill is equipped to address specific technical requirements and custom formulations to meet customer needs. The company has established a reputation for providing high-quality inks and was acquired by Avery Dennison, a global leader in labeling and packaging solutions, further enhancing its product offerings.

Mactac Europe

Acquisition in 2016
Mactac Europe is a manufacturer based in Soignies, Belgium, specializing in high-quality pressure-sensitive materials and adhesive products. The company offers a diverse range of products, including foam tapes, protective films, medical tapes, and specialty labels, catering to the graphics and decoration industry as well as various industrial applications. Mactac Europe operates sales offices and warehouses across Europe and Asia, and its export sales extend its reach to customers in South America, Asia Pacific, the Middle East, and North Africa. This strategic positioning enhances Avery Dennison's global footprint while providing the necessary capacity to support the company’s growth in high-value segments.

DM Label Group

Acquisition in 2008
Label Group, a manufacturer of woven labels with manufacturing facilities in six countries.

Paxar Corporation

Acquisition in 2007
Paxar Corporation manufactures RFID smart labels and printer-encoders; and provides label services.

Rinke Etiketten GmbH

Acquisition in 2004
Rinke Etiketten GmbH & Co. KG drafts, develops, and produces labels and kits for the textile industry.

L&E Packaging

Acquisition in 2002
L&E Packaging Inc. prints graphic hang tags and labels for packaging hosiery and apparel.

RVL Packaging

Acquisition in 2002
RVL Packaging, Inc. designs, manufactures, markets, and distributes woven products for apparel and retail merchandisers.

Jackstädt GmbH

Acquisition in 2002
Jackstädt GmbH manufactures and supplies self-adhesive papers, films, and labels

Dunsirn Industries

Acquisition in 2001
Dunsirn Industries, Inc. provides non-pressure-sensitive materials to the narrow web printing industry.

Stimsonite Corp

Acquisition in 1999
Stimsonite Corporation is engaged in the manufacture and marketing of reflective highway safety products.
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