Avery Dennison Completes Acquisition of Smartrac's RFID Transponder Business | Avery Dennison
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      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.3biyi.icu.

      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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