Avery Dennison Corporation is a global manufacturer and distributor of
pressure-sensitive adhesive materials (such as self-adhesive labels),
apparel branding labels and tags,
RFID inlays, and specialty medical
products. The company is a member of the
Fortune 500 and is
headquartered in Glendale, California.
1.1 Dennison Manufacturing
1.2 Office and Consumer Products
4 Patent infringement
Dennison Mending Tape from the second half of the 20th century.
The company was 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. 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
The Dennison Manufacturing Company was founded by Andrew Dennison and
his son Aaron Lufkin Dennison, residents of Brunswick. Maine, in 1844,
as a jewelry- and watch-box manufacturing company located in the
Dunlap Block of Maine Street. 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
significant-size industrial enterprise. It was in 1898 that the
business moved to a location in Framingham, Massachusetts. (Aaron
Dennison went on to co-found the Waltham
Watch Company in 1850, a
leader in the
American system of watch manufacturing
American system of watch manufacturing using
Office and Consumer Products
Avery Dennison created a separate division for office products such as
binders, file labels and name badges in 1982. The division and its
products, sold under the Avery brand and logo, contrasted with the
company’s larger materials division in that its products were
finished (“converted”) materials, and they were aimed at consumers
as well as businesses. Over the next 30 years, the division grew, as
personal computing created a market for printable media both at home
and at work. However, with the rise of email and the decline in
conventional mail, the office products market as a whole began to
decline. On July 1, 2013,
Avery Dennison completed the sale of Office
and Consumer Products and a second business, Designed and Engineered
Solutions, to CCL Industries. CCL purchased the Avery office products
brand along with the business.
Avery Dennison retains its full name,
history, brand and logo.
The company is headquartered in Glendale, California. It ranked number
435 on the 2015
Fortune 500 list with total sales of $6.0 billion.
Its main lines of business are pressure-sensitive materials
(contributing 73% of 2015 revenues) and retail branding and
informations solutions (contributing 26% of 2015 revenues). The
company operates in more than 50 countries and employs 25,000 people
worldwide. Its first overseas subsidiary was established in the
Netherlands in 1955.
The company's operations are organized into three business units:
The Pressure-Sensitive Materials segment manufactures and sells
pressure-sensitive roll-label materials, films for graphic
applications, reflective highway-safety products, a variety of
specialized tapes, performance polymers, and extruded films.
Printers take its label materials, which are manufactured in large
rolls, and convert them into finished labels by printing, cutting and
applying them to packaging for consumer goods such as shampoo,
beverages and pharmaceuticals.
The Retail Branding and Information Solutions segment designs,
manufactures, and sells various branding and information management
products and solutions for apparel and general retail, including
tickets, graphic, barcode and radio-frequency identification (RFID)
tags, labels and inserts, woven and printed labels, external
embellishments, price management systems, a variety of fasteners, and
related supplies and equipment.
The information management products that the business provides,
including its RFID-based systems, help apparel and other retailers to
manage inventory both within stores and across supply chains that
today extend for thousands of miles. The ability to accurately
identify inventory and replenish it can help improve the shopping
experience, as goods are less likely to be out of stock.
The company also operates Vancive Medical Technologies, which provides
products such as wearable sensors, barrier films, wound dressings and
a variety of tapes and securement products for the healthcare
industry. Results for Vancive Medical Technologies are reported in
Other specialty converting businesses. Vancive Medical Technologies
products are sold to medical products and device manufacturers.
Avery Dennison and 3M Company agreed to settle patent and
antitrust litigation between the parties. The litigation began when 3M
Avery Dennison infringed 3M's patents related to
retroreflective sheeting used for road signs and other highway and
transportation products and requested an injunction to prevent Avery
Dennison from selling its OmniCube retroreflective product. The court
denied 3M's request, and after
Avery Dennison brought claims of its
own against 3M for patent infringement and antitrust violations, the
parties agreed to dismiss three pending cases.
^ a b c d e "AVY Financial Statements, Google Finance". Retrieved
October 26, 2016.
^ a b "Investor FAQs". Retrieved October 26, 2016.
^ Avery Products Corporation. 1964 Annual Report, p. 17.
^ "Strategic Report" (PDF). Avery Dennison, PAC Consulting. PAC
Consulting. 19 Apr 2004. p. 3. Retrieved 28 May 2012.
Fortune 500 list". Fortune Magazine.
^ "Business Summary". Avery Dennison, Business Summary. Avery
Dennison. Retrieved 28 March