Avery Dennison completes acquisition of Smartrac’s RFID Transponder business

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Avery Dennison completes acquisition of Smartrac’s RFID Transponder business

GLENDALE, CA – March 02, 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.

About Avery Dennison
Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, 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 more than 30,000 employees in over 50 countries. Reported sales in 2019 were $7.1 billion. Learn more at www.averydennison.com.