| Market Capitalization (Millions $) |
14,154 |
| Shares
Outstanding (Millions) |
79 |
| Employees |
35,000 |
| Revenues (TTM) (Millions $) |
8,753 |
| Net Income (TTM) (Millions $) |
699 |
| Cash Flow (TTM) (Millions $) |
10 |
| Capital Exp. (TTM) (Millions $) |
196 |
Avery Dennison Corporation
Avery Dennison Corporation Overview
Incorporation and History
Avery Dennison Corporation was incorporated in 1977 in Delaware as Avery International Corporation, which succeeded a California corporation of the same name founded in 1946. In 1990, Avery International Corporation merged with a subsidiary of Dennison Manufacturing Company, resulting in Dennison becoming a wholly owned subsidiary. Consequently, in connection with this merger, the company changed its name to Avery Dennison Corporation.
Business Operations
Avery Dennison operates in two primary business segments:
1. Pressure-Sensitive Adhesives and Materials: The company develops and produces various pressure-sensitive adhesives and materials, which are integral to a wide range of applications. These materials are converted into labels and other products through various processes, including embossing, printing, stamping, and die-cutting. Additionally, the company sells raw materials in unconverted forms, such as tapes and reflective sheeting.
2. Consumer and Converted Products: Avery Dennison manufactures a diverse range of consumer and office products that do not primarily rely on pressure-sensitive components. This product line includes notebooks, three-ring binders, organizing systems, markers, fasteners, business forms, reflective highway safety products, and various items such as tickets, tags, and labels. The company also offers imprinting equipment tailored for retail and apparel manufacturers.
Technology of Pressure-Sensitive Materials
Pressure-sensitive materials manufactured by Avery Dennison are designed to adhere to surfaces via simple press-on contact. These materials generally consist of four key components:
- Face Material: This may include paper, metal foil, plastic film, or fabric.
- Adhesive: Available in both permanent or removable types.
- Release Coating: Protects the adhesive until application.
- Backing Material: Serves as both a protective layer for the adhesive and a carrier for dispensing labels.
Upon application, the release coating and backing are removed to expose the adhesive, allowing for easy and efficient adhesion.
Cost and Efficiency Advantages
While self-adhesive materials may have a higher initial cost compared to those using heat or moisture-activated adhesives, they offer significant cost savings in the long run due to their ease of application. The instant adhesion eliminates the need for additional adhesive activation, yielding a faster application process. The materials are designed for consistent and versatile adhesion, exhibit minimal adhesive deterioration, and come in a wide array of sizes, shapes, and colors.
International Presence
Avery Dennisons operations are significantly international, with approximately 50% of its sales derived from markets outside the United States. The company is actively expanding its presence in emerging markets, particularly in Asia, Latin America, and Eastern Europe.
Competition
Avery Dennison faces competition from various companies within the labeling and adhesive industry, including Esselte and Fortune Brands, Inc. The company has established itself as a leader in innovative adhesive technologies and continues to evolve within its market sector.
This comprehensive overview highlights the core aspects of Avery Dennison Corporations business, including its historical background, product offerings, technological advancements, international operations, and competitive landscape.
Company Address: 8080 Norton Parkway Mentor 44060 OH
Company Phone Number: 534-6000 Stock Exchange / Ticker: NYSE AVY
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