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Two strategic acquisitions for Avery Dennison

Avery Dennison Corporation is to acquire RVL Packaging, a global provider of brand identification products to both apparel manufacturers and retailers for their private label programs. RVL makes woven and printed labels, graphic tags and specialty packaging products.

Additionally, Avery Dennison is to acquire L&E Packaging, RVL’s key printing partner. L&E makes offset, screen and flexographic printing products for the apparel and retail industries.

Consolidated revenues for RVL and L&E on an annualised basis are expected to be about $200M following completion of the transactions. The expanded retail information services business is expected to generate annual sales of more than $500M.