Avery Dennison to acquire JDC Solutions, a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of 24 million USD.
Specialty Tapes for High-value Industrial Applications
JDC manufactures specialty tapes for use in a variety of high-value industrial applications and has longstanding relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries, among others. Upon completion of the acquisition, JDC’s manufacturing operations, workforce and product portfolio will become part of Avery Dennison’s Performance Tapes North America business.
JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately 30 million USD in annual revenue. The acquisition is expected to close in Q1, subject to customary conditions and approvals.
Source: Avery Dennison