Avery Dennison Corporation has acquired Taylor Adhesives, a U.S. flooring adhesives business, for $390 million to enhance its product offerings and support its growth strategy in the high-value adhesive market.

Information on the Target

Avery Dennison Corporation (NYSE: AVY) is a prominent global leader in materials science and digital identification solutions. The company specializes in creating innovative products that enhance branding and information solutions while optimizing labor and supply chain efficiency. It also focuses on sustainability and transparency, serving a diverse array of industries, including home and personal care, apparel, and logistics. Avery Dennison's projected revenue for 2025 is expected to reach approximately $8.8 billion.

Recently, Avery Dennison completed its acquisition of the U.S.-based flooring adhesives business from Meridian Adhesives Group for $390 million. This segment, known as Taylor Adhesives, is recognized for developing specialized adhesives and coatings targeting the U.S. flooring market, with anticipated annual revenue of $110 million in 2025.

Industry Overview

The materials and adhesives industry has seen considerable growth, driven by an increasing demand for efficient and innovative solutions across several sectors. In recent years, companies have had to adapt to evolving consumer pref