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Avery Dennison completes acquisition of Hanita Coatings
04
Mar '17
Courtesy: Hanita Coatings
Courtesy: Hanita Coatings
Avery Dennison Corporation has completed the acquisition of Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita and Tene Investment Funds. Northern Israel headquartered Hanita Coatings will now be known as Avery Dennison Hanita and will continue its operations as a distinct business unit.

Hanita Coatings develops and manufactures coated, laminated and metalised polyester films for a range of industrial and commercial applications. It has sales and distribution facilities in the United States, Germany, China and Australia.

Avery Dennison is a global leader in pressure-sensitive and functional materials and labeling solutions for the retail apparel market. The company’s applications and technologies are an integral part of products used in every major industry, including apparel. It has operations in more than 50 countries and employs over 25,000 people worldwide. Headquartered in Glendale, California, the company reported sales of $6.1 billion in 2016. (RKS)

Fibre2Fashion News Desk – India


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