Avery Dennison Completes Acquisition of Smartrac's RFID Transponder Business | Avery Dennison

Avery Dennison Completes Acquisition of Smartrac's RFID Transponder Business

PRESS RELEASE

GLENDALE, Calif. — March 2, 2020 — Avery Dennison Corporation (NYSE:AVY) today announced it completed the acquisition of Smartrac’s Transponder business, for the purchase price of €225 million, subject to customary adjustments.

Smartrac is a leading innovator in the development and manufacture of RFID inlays. It has strong research and development capabilities and a proven track record for developing and commercializing effective, high-value and high-quality RFID products. Smartrac is now an Avery Dennison company. 

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About Avery Dennison

Avery Dennison (NTSE: AVY) is a global materials science company, specializing in the design and production of a wide variety of labeling and functional materials. The company's products are used by most industries and include self-adhesive, pressure-sensitive materials for labeling and visual communication applications; tapes and other solutions for industrial, medical and retail applications; clothing labels, tags and props; in addition to radio frequency identification (RFID) solutions for the fashion market and others. Headquartered in Glendale, California, the company employs approximately 30,000 employees in more than 50 countries. Reported sales in 2019 were $ 7.1 billion. Learn more at www.averydennison.com.

Media Contacts

Avery Dennison Corporation
Media Relations
Rob Six
T: +1 (626) 304-2361
rob.six@averydennison.com

Investor Relations
Cindy Guenther
T: +1 (626) 304-2204
cynthia.guenther@averydennison.com

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