About the Company
Avery Dennison Corporation is a multinational manufacturing and material science firm. The company specialises in the development and production of an array of functional and labelling materials. Headquartered in California, United States, the company has a broad range of operations throughout the world. It operates across six continents and over fifty countries, including China, Australia, Argentina, Czech Republic, Denmark, France, Bangladesh, Germany, El Salvador, Korea, India, Malaysia, Italy, Japan, Mexico, Romania, Pakistan, and numerous others.
The company began operations in 1935 as Kum Kleen Products. Its name was changed to Avery Adhesives in 1937. The company underwent more changes in names in subsequent years. In 1990, the merger of Avery International Corporation and Dennison Manufacturing Company established the Avery Dennison Corporation. Its business operates through three divisions – Pressure-Sensitive Materials, Avery Dennison Medical and Retail Branding and Information Solutions. These products serve a diverse range of markets, such as the automotive industry, advertising and promotions, retail, transportation, medical and healthcare, electronics and electrical items, packaged consumer goods, and several other key industries worldwide.
AVY stocks trade on the New York Stock Exchange (NYSE). It is also a component of the S&P 500 index. Avery Dennison Corp reported a sale of $7.1 billion in 2019. On March 2nd 2020, AVY acquired Smartrac’s RFID Transponder business for a purchase price of €225 million. On June 15th, 2020 the company completed its acquisition of Paxar Corp., in a transaction worth approximately $1.34 billion. As of 2020, the company ranked 435th on the list of Fortune 500 companies. It stood at the 1416th position on Forbes’ Global 2000 companies. Forbes also included AVY in its rankings of Best Employers for Diversity in 2020.
Through Avery Dennison Foundation, its philanthropic unit, the company extended a helping hand to numerous nations during the 2019 pandemic. Avery Dennison Medical donated half a million face shields to healthcare workers in the US. The Avery Dennison Foundation continued to advance its contributions in the field of education by offering support and grants to students in China, India and the US. It also aimed to enrich sustainability through grants towards initiatives like The Rainforest Alliance and The Ocean Cleanup. As an effort to empower women in developing countries, AVY offered grants to organisations like Avasar Scholarship Program in India and World Memon Organisation in Pakistan.;
|Organisation||Avery Dennison Corporation|
|Industry||Business Equipment & Supplies|