PASADENA, Calif.--(BUSINESS WIRE)--Apr. 01, 2008
Expands Its Capability to Produce Woven Labels
Avery Dennison Corporation (NYSE:AVY) announced today the acquisition of
DM Label Group, a manufacturer of high-quality woven labels with
manufacturing facilities in six countries. DM Label Group is
headquartered in Taipei, Taiwan.
“The acquisition of DM Label Group reflects
our commitment to providing the best, quickest and most consistent
service to our customers, wherever they are located around the world,”
said Dean A. Scarborough, president and chief executive officer of Avery
Dennison. “The DM Label Group strengthens our
woven label product line and reinforces our presence in Asia, a major
sourcing area for the global apparel, retail branding and marking
industry.”
The acquisition of DM Label Group complements Avery Dennison’s
acquisition and integration of Paxar into its Retail Information
Services (RIS) group last year. RIS is a global leader in providing
brand identification and supply chain management solutions primarily for
manufacturers and retailers, including tag and label design and
printing; inventory and shipment tracking; and data management systems.
“We have had a long and productive
relationship with Avery Dennison,” said James
Hsu, president and chief executive officer of DM Label Group. “Now
as part of Avery Dennison, we have the opportunity to offer customers an
increased product range and the global scale, local presence and
resources to help retailers, brand owners and factories meet their
business goals.”“The DM Label Group acquisition and its
expanded woven label product line enhances our ability to create
superior value for our customers and provide increased speed and
responsiveness in delivering products and services to our customers,”
says Terry Hemmelgarn, group vice president of Avery Dennison’s
Retail Information Services Group.
Founded in 1960 by the Hsu family, DM Label Group has 11 manufacturing
facilities in six countries, including China, Vietnam, Malaysia,
Indonesia, Taiwan and the United States. Its core products include woven
labels, printed labels, accessory tapes, hang tags, heat transfer labels
and “skin touch”
fabric ribbon tape. Hsu will serve as a vice president and general
manager, reporting to Terry Hemmelgarn. Terms of the transaction were
not disclosed.
Avery Dennison is a global leader in pressure-sensitive labeling
materials, retail tag, ticketing and branding systems, and office
products. Based in Pasadena, Calif., Avery Dennison is a FORTUNE 500
Company with 2007 sales of $6.3 billion. Avery Dennison employs more
than 30,000 individuals in over 60 countries, who develop, manufacture
and market a wide range of products for both consumer and industrial
markets. Products offered by Avery Dennison include: Fasson-brand
self-adhesive materials; Avery Dennison brand products for the retail
and apparel industries; Avery-brand office products and graphics imaging
media; specialty tapes, peel-and-stick postage stamps, and labels for a
wide variety of automotive, industrial and durable goods applications.
CONTACT: Avery Dennison Corporation
Media Relations:
Laurence J. Dwyer, 626-304-2014
communications@averydennison.com
or
Investor Relations:
Cynthia S. Guenther, 626-304-2204
investorcom@averydennison.com
Expands Its Capability to Produce Woven Labels
Avery Dennison Corporation (NYSE:AVY) announced today the acquisition of
DM Label Group, a manufacturer of high-quality woven labels with
manufacturing facilities in six countries. DM Label Group is
headquartered in Taipei, Taiwan.
“The acquisition of DM Label Group reflects
our commitment to providing the best, quickest and most consistent
service to our customers, wherever they are located around the world,”
said Dean A. Scarborough, president and chief executive officer of Avery
Dennison. “The DM Label Group strengthens our
woven label product line and reinforces our presence in Asia, a major
sourcing area for the global apparel, retail branding and marking
industry.”
The acquisition of DM Label Group complements Avery Dennison’s
acquisition and integration of Paxar into its Retail Information
Services (RIS) group last year. RIS is a global leader in providing
brand identification and supply chain management solutions primarily for
manufacturers and retailers, including tag and label design and
printing; inventory and shipment tracking; and data management systems.
“We have had a long and productive
relationship with Avery Dennison,” said James
Hsu, president and chief executive officer of DM Label Group. “Now
as part of Avery Dennison, we have the opportunity to offer customers an
increased product range and the global scale, local presence and
resources to help retailers, brand owners and factories meet their
business goals.”“The DM Label Group acquisition and its
expanded woven label product line enhances our ability to create
superior value for our customers and provide increased speed and
responsiveness in delivering products and services to our customers,”
says Terry Hemmelgarn, group vice president of Avery Dennison’s
Retail Information Services Group.
Founded in 1960 by the Hsu family, DM Label Group has 11 manufacturing
facilities in six countries, including China, Vietnam, Malaysia,
Indonesia, Taiwan and the United States. Its core products include woven
labels, printed labels, accessory tapes, hang tags, heat transfer labels
and “skin touch”
fabric ribbon tape. Hsu will serve as a vice president and general
manager, reporting to Terry Hemmelgarn. Terms of the transaction were
not disclosed.
Avery Dennison is a global leader in pressure-sensitive labeling
materials, retail tag, ticketing and branding systems, and office
products. Based in Pasadena, Calif., Avery Dennison is a FORTUNE 500
Company with 2007 sales of $6.3 billion. Avery Dennison employs more
than 30,000 individuals in over 60 countries, who develop, manufacture
and market a wide range of products for both consumer and industrial
markets. Products offered by Avery Dennison include: Fasson-brand
self-adhesive materials; Avery Dennison brand products for the retail
and apparel industries; Avery-brand office products and graphics imaging
media; specialty tapes, peel-and-stick postage stamps, and labels for a
wide variety of automotive, industrial and durable goods applications.
CONTACT: Avery Dennison Corporation
Media Relations:
Laurence J. Dwyer, 626-304-2014
communications@averydennison.com
or
Investor Relations:
Cynthia S. Guenther, 626-304-2204
investorcom@averydennison.com