Avery Dennison

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This article is about Avery Dennison Corporation. For the maker of farm equipment, see Avery Company.
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Avery Dennison Corporation
Type Public
S&P 500 Component
Traded as NYSE: AVY
Industry Office supplies
Founded Los Angeles, California, United States (1935)
Founder(s) R. Stanton Avery
Headquarters 150 N. Orange Grove Boulevard
Pasadena, California, United States
Key people Dean A. Scarborough, (President, Chief Executive Officer)
Products Labels, binders, cards, RFID, film
Revenue IncreaseUS$6.026 billion (FY 2011)[1]
Operating income IncreaseUS$154.4 million (FY 2011)[1]
Net income IncreaseUS$190.1 million (FY 2011)[1]
Total assets DecreaseUS$4.973 billion (FY 2011)[1]
Total equity IncreaseUS$1.659 billion (FY 2011)[1]
Employees 30,400 (Dec 2011)[1]
Website averydennison.com
The Avery logo designed by Saul Bass in 1975. It is still used on Avery products.

Avery Dennison Corporation is a global manufacturer and distributor of pressure-sensitive adhesive materials (such as self-adhesive labels), office products, and various paper products.

Contents

History [edit]

Dennison Mending Tape from the second half of the 20th century.

The company was originally founded in Los Angeles, California, in 1935 as Kum Kleen Products, a partnership of Mr. and Mrs. Ray Stanton Avery. The name was changed to Avery Adhesives in 1937. In 1946, the company was incorporated as Avery Adhesive Label Corp., and the name was subsequently changed to Avery Adhesive Products, Inc. in 1958, and to Avery Products Corporation in 1964.[2] The name was changed again to Avery International Corporation in 1976, and it became Avery Dennison after the company merged with the Dennison Manufacturing Company in 1990.[3]

Dennison Manufacturing [edit]

The Dennison Manufacturing Company, which was located in Framingham, Massachusetts, was founded in 1844 as a jewelry and watch box-manufacturing company by Aaron Lufkin Dennison, who later became the pioneer[peacock term] of the American System of Watch Manufacturing. Five years later Aaron turned the Dennison Manufacturing Company over to his younger brother, Eliphalet Whorf Dennison, who took over and developed the company into a sizable[weasel words] industrial enterprise.

Operations [edit]

The company is headquartered in Pasadena, California. As of 2008, it ranked number 376 in the annual Fortune 500 list with total sales of $6.7 billion. Its pivotal line of products are found in its Pressure-Sensitive Materials segment, responsible for 54 percent of sales. The company operates in more than 50 countries and employs 30,000 people worldwide.[4] Its first overseas subsidiary was established in the Netherlands in 1955.

The company operates through four segments:

  • The Pressure-Sensitive Materials segment manufactures and sells pressure-sensitive roll-label materials, films for graphic applications, reflective highway-safety products, performance polymers, and extruded films.
  • The Office and Consumer Products segment manufactures and sells various office and consumer products, including labels, binders, dividers, sheet protectors, and writing instruments. It was announced January 3, 2012, that this division was being purchased by 3M for $550 million,[5][6] but the agreement has since been abandoned.[4] Avery Dennison is continuing to pursue the sale of the Office and Consumer Products segment to another party.
  • The Retail Information Services segment designs, manufactures, and sells various price-marking and brand-identification products, including tickets, graphic and barcode tags and labels, woven and printed labels, and related supplies and equipment.
  • Other Specialty Products segment provides automotive and industrial products, radio-frequency identification (RFID) tags and inserts, specialty tape, security printing and performance films.

References [edit]

  1. ^ a b c d e f "Avery Dennison, Form 10-K, Annual Report, Filing Date Feb 27, 2012". secdatabase.com. Retrieved Jan 19, 2013. 
  2. ^ Avery Products Corporation. 1964 Annual Report, p. 17.
  3. ^ "Strategic Report". Avery Dennison, PAC Consulting. PAC Consulting. 19 Apr 2004. p. 3. Retrieved 28 May 2012. 
  4. ^ a b "Avery Dennison, Form 8-K, Current Report, Filing Date Oct 5, 2012". secdatabase.com. Retrieved Jan 19, 2013. 
  5. ^ "Avery Dennison, Form 8-K, Current Report, Filing Date Jan 31, 2012". secdatabase.com. Retrieved Jan 19, 2013. 
  6. ^ Moylan, Martin (3 Jan 2012). "3M buys office supply unit of Avery Dennison for $550M | Minnesota Public Radio News". Minnesota Public Radio. National Public Radio. Retrieved 28 May 2012. "3M will buy the office and consumer products business of California-based Avery Dennison for $550 million." 

External links [edit]

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