Avery Dennison Acquires Dunsirn Industries.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Feb. 1, 2001 Leading Supplier of Customized Label Materials Will Provide Growth Opportunities in New Markets for Company's Fasson Roll Division Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corp. (NYSE NYSE See: New York Stock Exchange :AVY) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :AVY) today announced that it has acquired Dunsirn Industries Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Neenah, Wis., which is a leading provider of non-pressure-sensitive materials to the narrow web printing industry, as well as customized slitting slit n. A long, straight, narrow cut or opening. tr.v. slit, slit·ting, slits 1. To make a slit or slits in. 2. To cut lengthwise into strips; split. and distribution services for roll materials manufacturers. "The acquisition of Dunsirn Industries provides an excellent strategic growth opportunity for our roll materials business," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "As we look to expand our label materials business into markets beyond pressure-sensitive applications, Dunsirn's core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Dunsirn Industries provides high-quality, contract slitting and distribution services for paper, film, textile, nonwoven non·wo·ven adj. Made by a process not involving weaving. Used of textiles. n. Material or a fabric made by a process not involving weaving. and specialty roll materials. The company also is a leading provider of materials used by narrow web printers for production of non-pressure-sensitive tags and labels. In 2001, Avery Dennison expects to generate approximately $60 million in net reported sales from this acquisition. "Avery Dennison's roll materials capabilities will expand overnight with the additional technical expertise, sales channel and distribution infrastructure that Dunsirn brings to us," said Neal. "Our global reach will enable us to grow the business by introducing Dunsirn products to international markets, while our Fasson customers will benefit from the convenience of purchasing roll materials, both pressure-sensitive and non-pressure-sensitive, from a single source." Dunsirn offers products and services that are recognized as premium-quality brands throughout the printer and converter industry. Dunsirn's popular Rapid-Roll(R) program provides narrow-web printers cut-to-order rolls of material delivered within 24 hours to locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The industry-leading program offers more than 200 choices of non-pressure-sensitive paper, film and specialty materials to narrow-web printers and business form manufacturers. The Dunsirn operation will become a separate business unit within Avery Dennison's Fasson Roll Worldwide division. Dunsirn has a total of 350 employees in Neenah and three additional production facilities in Chicopee, Mass.; Greensboro, N.C.; and Reno, Nev. Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the company had 2000 sales of $3.9 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain information presented in this news release may constitute "forward-looking" statements. These statements are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or expected results depending on a variety of factors, including but not limited to price and availability of raw materials, foreign exchange rates, worldwide and local economic conditions, financial condition and inventory strategies of customers, acceptance of new products, fluctuations in demand affecting sales to customers and other matters referred to in the company's Securities and Exchange Commission filings. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion