Avery Dennison News
3 articles
growth-positive
Avery Dennison and Wiliot announce strategic partnership to build and scale the future of the Internet of Things
Avery Dennison, a leading provider of digital ID technologies, has announced a strategic partnership with IoT pioneer Wiliot. The partnership will focus on scaling the IoT to the next level, creating a new era of IoT that benefits people and the planet. Avery Dennison will leverage its R&D capabilities to design and manufacture second-generation Wiliot tags, which are stamp-sized compute devices powered by Bluetooth that attach to any product or packaging to embed it with intelligence and connectivity. The partnership will help scale the manufacturing capacity of Wiliot tags significantly, and will leverage Avery Dennison’s market development, innovation and ROI expertise to drive value.
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growth-positive
Avery Dennison Makes Capital Investment in Liquid Crystal Specialty Films Developer Gauzy
Avery Dennison Corporation has invested in Gauzy, an Israeli-based developer and manufacturer of liquid-crystal-based materials, films, applications and solutions. Gauzy has commercialized several smart glass products, including a switchable window film that can alternate from clear to frosted. Avery Dennison’s Hanita business division has established an agreement with Gauzy to collaborate on the development and marketing of a retrofit version of Gauzy’s switchable window film. The two companies anticipate further product opportunities will emerge from their collaborative efforts in the automotive industry.
InvestmentPartners
growth-positive
Avery Dennison to pay $75m for Israeli coatings co Hanita
Avery Dennison Corporation has agreed to acquire Hanita, a manufacturer of specialty films and laminates, for $75 million. Hanita, which is based in Israel, develops and manufactures coated, laminated, and metallized polyester films for a range of industrial and commercial applications. The companys products are used in architecture, automotive aftermarkets, durable labels, and insulation systems. Hanita CEO Oved Shapira said the acquisition was a great opportunity for Hanita to realise its full potential.
Acquisition
