Avery Dennison Corporation announced that it has completed the acquisition of Vestcom for the purchase price of 1.45 billion USD. The acquisition is subject to customary adjustments.
Vestcom Uses Data Management to Deliver Messages
Vestcom is a provider of pricing and branded labeling solutions at the shelfedge for retailers and consumer packaged goods companies. It uses data management capabilities to synthesize and streamline store-level data and deliver item-specific, price-integrated messaging at the shopper’s point of decision.
Vestcom is now an Avery Dennison company.
Avery Dennison Corporation is a materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical and retail applications; tags, labels and embellishments for apparel; and radio-frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs approximately 32,000 employees in more than 50 countries.
Source: Avery Dennison Corporation