Avery Dennison Corporation

Overview

Date Founded

1935

Headquarters

207 Goode Avenue, Glendale, CA, 91203, USA

Type of Company

Public

Employees (Worldwide)

32K

Industries

Paper Products
Industrial Machinery & Manufacturing
Wholesale: Consumer Non-Durables/Sundries
Wholesale: Industrial Products & Manufacturing
IT Consulting & Services
Appliances & Electronics
Printing
Plastics & Synthetics
Entertainment
Chemicals

Company Description

Avery Dennison Corp. engages in the provision of labeling and packaging materials and solutions. It operates through the following segments: Label & Graphic Materials, Retail Branding & Information Solutions and Industrial & Healthcare Materials. The Label and Graphic Materials segment manufactures and sells Fasson, JAC, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison and Mactac brand graphics, and Avery Dennison brand reflective products. The Retail Branding and Information Solutions segment designs, manufactures, and sells a variety of branding and information solutions to retailers, brand owners, apparel manufacturers, distributors and industrial customers. The Industrial and Healthcare Materials segment manufactures and sells Fasson-brand and Avery Dennison-brand tapes and fasteners, Vancive brand medical pressure sensitive adhesive based materials and products, and performance polymers. The company was founded by R. Stanton Avery in 1935 and is headquartered in Glendale, CA.

Website

http://www.averydennison.com

Contact Data

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In The News

GlobeNewswire

April 15, 2021

The Smart Label Market is expected to grow at a CAGR of 13.2% over the forecast period (2021-2026)

Nasdaq

March 10, 2021

Greif (GEF) Up 56% in 6 Months: What's Driving the Stock?

Business Wire

March 10, 2021

Avery Dennison to Host 2021 Virtual Investor Day

Nasdaq

March 1, 2021

Avery Dennison Corporation (AVY) Ex-Dividend Date Scheduled for March 02, 2021

GlobeNewswire

February 25, 2021

Global Chipless RFID Market By Product Type, By Frequency, By Application, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026

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Executives & Employees

Mitch Butier

Chairman of the Board, President & Chief Executive Officer

Robert Calderoni

Chief Financial Officer & Senior Vice President of Finance

Greg Lovins

Senior Vice President & Chief Financial Officer

Nicholas Colisto

Vice President & Chief Information Officer

Ignacio J. Walker

Vice President & Chief Legal Officer

Mark Van Holsbeck

IT Risk & Security CISO

Anne Hill

Senior Vice President & Chief Human Resources Officer

Lori J. Bondar

Vice President, Controller, Treasurer & Chief Accounting Officer

Ronaldo Mello

Vice President & General Manager, Label & Graphic Materials, Latin America

Hassan H. Rmaile

Vice President & General Manager, Label & Graphic Materials, Europe, Middle East & North Africa

Board of Directors

Mitch Butier

Chairman of the Board, President & Chief Executive Officer at Avery Dennison Corporation

Ken Hicks

Chairman of the Board, President & Chief Executive Officer at Academy Sports & Outdoors, Inc.

Julia Stewart

Founder at Dine Brands Global, Inc.

Peter K. Barker

Former General Partner at Goldman Sachs & Co. LLC

Andres A. Lopez

President, Chief Executive Officer & Director at O-I Glass, Inc.

Patrick Thomas Siewert

Managing Director & Partner at The Carlyle Group, Inc.

Tony Anderson

Affiliate Partner at Lindsay Goldberg LLC

Bradley Alford

Operating Partner at Advent International Corp.

Mark J. Barrenechea

Chief Technology Officer at OpenText Corp.

Martha Sullivan

Chief Executive Officer at Sensata Technologies, Inc.

Trending Organizations

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Avery Dennison Corporation

Owners & Shareholders

Details Hidden

RE Advisers Corp.

RE Advisers employs the equity, fixed income and money market investment strategies. Their equity strategy seeks capital growth over the long-term by investing in stocks of established companies they believe are undervalued. The firm’s portfolios and managed accounts may execute the strategy with diversified portfolios focused on small-cap, mixed-cap or large-cap companies. RE Advisers selects stocks that may benefit over time from a more reasonable market assessment of fundamental value. Their fixed-income strategy primarily seeks current income while maintaining a low degree of fluctuation. In selecting portfolio holdings, they consider the outlook for the economy, monetary policy, interest rates and credit spreads. The firm seeks to maximize the client’s total return by investing in securities that exhibit the most favorable risk/reward trade-off in the most attractive market sectors while maintaining adequate portfolio liquidity.

Details Hidden

Fiduciary Management, Inc.

Fiduciary Management, Inc. (“FMI”), founded in 1980, is an employee owned independent money management firm based in Milwaukee, Wisconsin. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research. As of 12/31/2012, FMI manages over $15.5 billion in assets for domestic and international institutions, individual investors, and Registered Investment Advisors through separately managed accounts and the FMI Family of Funds.

Details Hidden

Waverton Investment Management Ltd.

Waverton aims to generate attractive real returns for their clients over the long-term, using an active, flexible approach through segregated portfolios or specialist funds. Client portfolios will be managed under a mandate, selected by the client. Each investment mandate is designed to achieve its investment strategy and constructed using the main asset classes (equities, bonds & cash and alternatives such as funds, hedge funds, property and commodities). An in-house Asset Allocation Committee is responsible for setting target weightings for each major asset class and their sub-asset classes under each investment mandate. The firm employs a fundamental approach to stock selection.

Recent Transactions

Details Hidden

Avery Dennison Corporation purchases JDC Coatings, Inc. from Flexcon Co., Inc.

Details Hidden

Avery Dennison Corporation purchases Yongle Tape Co., Ltd. from Shaw Kwei & Partners (Hong Kong) Ltd.

Details Hidden

Avery Dennison Corporation purchases Avery Dennison Medical Ltd.

Insider Transactions

Details Hidden

Tony Anderson

Details Hidden

Julia Stewart

Details Hidden

Ignacio J. Walker

Transaction Advisors

Investment Advisor

JP Morgan Securities LLC

Advised onAvery Dennison Corporation purchases Paxar Corp.

Legal Advisor

Latham & Watkins LLP

Advised onAvery Dennison Corporation purchases Paxar Corp.

Legal Advisor

Bird & Bird LLP

Advised onAvery Dennison Corporation purchases from Smartrac NV

Associate

Amy Yang

Advised onAvery Dennison Corporation purchases from Smartrac NV

Co-Chair, Corporate Group

Andrew R. Brownstein

Advised onAvery Dennison Corporation purchases Paxar Corp.

Associate

Aneta Ferguson

Advised onCCL Industries, Inc. purchases Avery Dennison Corp. /Office & Consumer Products Ops from Avery Dennison Corporation

Advisors & Consultants

Legal Advisor

Steve Chinowsky

Partner at Latham & Watkins LLP

Legal Advisor

Jed W. Brickner

Partner at Latham & Watkins LLP

Legal Advisor

Robert D. Keefe

Co-Chairman, Government Investigations & Litigation Group at Wilmer Cutler Pickering Hale and Dorr LLP

Clients

Claranova SE

Claranova SE engages in the development and publishing of software applications on PCs, tablets, smartphones, tv and social networks. The company was founded by Bruno Vanryb and Roger Politis on April 20, 1984 and is headquartered in La Garenne-Colombes, France.

Tainan Enterprises Co., Ltd.

Tainan Enterprises Co., Ltd. engages in the manufacture and sale of garments. Its principal activities are manufacturing, processing, retailing and exporting of apparel. The company's brands include Tony Wear, Tony Jeans, TW.Design, Camel Active, New Man, Emely Essence, and Emely Sweetie. The company's products include pants, shirts, dresses, skirts, jackets, vests, and coats. Tainan Enterprises was founded by Kun Mao Yang on August 26, 1961 and is headquartered in Tainan, Taiwan.

Key Stats and Financials As of 2021

Market Capitalization

$15.9B

Total Enterprise Value

$15B

Earnings Per Share

$6.61

Revenue

$6.97B

Net Profit

$556M

Three Year Compounded Annual Growth Rate Of Revenue

1.77%

EBITDAMargin

15.5%

Enterprise Value EBITDAOperating

13.77x

TEVNet Income

27.05x

Debt TEV

0.15x

Enterprise Value / Sales

2.16x

EBITDA

$1.08B

Total Equity

$1.48B

Total Debt

$2.28B

Non-Profit Donations & Grants

$1,000 - $4,999

2018

American Physical Society

$5,000 - $10K

2018

Constitutional Rights Foundation

$100K - $250K

2018

Habitat for Humanity International, Inc.

Political Donations

$20K

2010

Margaret Cushing Whitman

$1,000

2010

Stephen L. Cooley

$1,000

2010

Stephen L. Cooley

Investments

Details Hidden

Roadrunner Recycling, Inc.

RoadRunner Recycling, Inc. provides metal recycling services. Its services include scheduled services such as cardboard and paper recycling, waste services, mixed recycling and food composting, and express pickup such as battery, clothing and scrap metal recycling and one-time paper pickup. The company was founded by Graham Rihn in 2014 and is headquartered in Pittsburgh, PA.

Details Hidden

Pragmatic Printing Ltd.

PragmatIC Printing Ltd. develops printed electronic logic circuits. It also operates a pilot line for printable electronics that supports customer prototyping activities, as well as commercial production for deployment of new product concepts. The firm licenses its technology for high volume production. The company was founded by Scott Darren White, Richard David Price and Philip Mark Gurney Hudson in 2010 and is headquartered in Cambridge, the United Kingdom.

Details Hidden

Wiliot Ltd.

Wiliot Ltd. is a company headquartered in Keisarya, Israel, with a presence in the United States. The firm develops next generation Internet of things devices. It was founded in 2016 by Yaron Elboim and Tal Tamir. Tal Tamir has been the CEO since the inception date.The company says this about itself: Wiliot is a fabless semiconductor company whose mission is to scale the Internet of Things by connecting people with products with cloud-connected, sticker-sized, Battery-Free Bluetooth tags. Wiliot has a research and development team based in Israel, operations in Germany and business development in San Diego, California. The Internet of Things can scale and offer real value as it is capable of understanding where products are, who is using them and when they need to be replenished. “Anything we wear, touch or use can include sensing and connectivity, thanks to battery-free devices with an infinite lifetime.” says the company.

Investors

Details Hidden

Stephen Keith Green

Life Peer at United Kingdom House of Lords

Details Hidden

Michael David Bishop

Life Peer at United Kingdom House of Lords

Suppliers

American Software Inc. Computer Software | Atlanta, GA

American Software (NASDAQ: AMSWA) provides demand-driven supply chain management and enterprise software solutions backed by more than 40 years of industry experience that drive value for companies regardless of market conditions. American Software, Inc. (American Software) develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. The Company's software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the Internet. It provides software solutions through three business segments, which are broken down into four product and service groups. The three business segments include Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting

Yellow Corp. Management Consulting | Overland Park, KS

Yellow Corp. operates as a holding company, which through its subsidiaries engages in the provision of transportation services. It operates through the portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company. The company was founded by A. J. Harrell in 1924 and is headquartered in Overland Park, KS.

Orion Energy Systems, Inc. Electrical Products | Manitowoc, WI

Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: U.S. Markets (USM); Orion Engineered Systems (OES), and Orion Distribution Services (ODS). The U.S. Markets segment produces, and sells commercial lighting, and energy management systems to the wholesale contractors. The Engineered Systems segment develops, and sells lighting products, and provides construction, and engineering services for commercial lighting, and energy management systems.The Distribution Services segment markets lighting products to agencies and distributors. The company was founded in April 1996 and is headquartered in Manitowoc, WI.

Competitors

CCL Industries, Inc. Printing - Toronto, Canada

CCL Industries, Inc. engages in the conversion of pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications. It operates through the following segments: CCL; Avery; Checkpoint; and Innovia. The CCL segment focuses on the production of pressure sensitive and extruded film materials. The Avery segment manufactures and sells consumer products, including labels, binders, dividers, sheet protectors, and writing instruments. The Checkpoint segment involves in technology-driven, loss-prevention, inventory management and labelling solutions. The Innovia segment covers specialty high-performance, multi-layer, surface-engineered specialty films for label, packaging and security applications. The company was founded by Gordon S. Lang in 1951 and is headquartered in Toronto, Canada.

3M Company Industrial Machinery & Manufacturing - Saint Paul, Minnesota

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

UPM-Kymmene Oyj Paper Products - Helsinski, Finland

UPM-Kymmene Oyj engages in the manufacture and sale of printing and writing papers. It operates through the following segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood and Other operations. The company was founded in 1995 and is headquartered in Helsinki, Finland.

Awards & Honors

Rank #435

2016

Fortune Magazine - Fortune 1000 Companies