Avery Dennison Corporation has announced its acquisition of Meridian Adhesives Group's flooring adhesives business for $390 million, aiming to enhance its product offerings and capture growth in the U.S. flooring market.

Target Information

Avery Dennison Corporation (NYSE: AVY), a leader in global materials science and digital identification solutions, has announced the acquisition of the flooring adhesives business from Meridian Adhesives Group, a prominent global adhesives manufacturer, for $390 million. The acquisition, which is pending customary closing and post-closing adjustments, will enhance Avery Dennison's product portfolio in the adhesives sector.

Meridian's flooring adhesives business specializes in the development, production, and commercialization of specialty adhesives and coatings for the U.S. flooring industry. With an estimated revenue of approximately $110 million in 2025 and strong operating margins, this business operates out of Dalton, Georgia, and manages four manufacturing facilities across the United States, employing around 110 personnel. Brands under this segment include Taylor Adhesives, Polycom, and Frontier Products.

Industry Overview

The flooring adhesives industry in the United States is characterized by its focus on innovation and quality, with significant opportunities driven by the transitioning preferences of consume