Avery Dennison has announced two acquisitions that will expand its global business serving the apparel and retail industries. The company has signed a definitive agreement to acquire RVL Packaging, a privately held company that provides brand identification products to both apparel manufacturers and retailers for their private label programmes. It has also signed a definitive agreement to acquire L&E Packaging, RVL’s key printing partner. L&E, also a privately held company, offers a full range of offset, screen and flexographic printing products tailored to the specific needs of the apparel and retail industries.
Consolidated revenues for RVL and L&E on an annualised basis are expected to be approximately $200 million, following completion of the transactions. The operations of the two companies will become part of Avery Dennison's Retail Information Services business, enhancing its existing data management and ticketing capabilities. The expanded Retail Information Services business is expected to generate annual sales of more than $500 million and will provide a complete brand identification and supply chain management solution for apparel manufacturers and retailers, including tag and label design and printing, inventory and shipment tracking, and comprehensive data management systems.
24-Sep-2002
