Avery Dennison acquisitions create new business in Apparel and Retail sectors

Avery Dennison Corporation has expanded its global business serving the apparel and retail industries by acquiring RVL Packaging, Inc., a global provider of brand identification products to both apparel manufacturers and retailers for their private label programs. RVL, a privately held company, is one of the apparel industry's leaders in the design, marketing, manufacturing and distribution of woven and printed labels, graphic tags and specialty packaging products.

Additionally, Avery Dennison has acquired L&E Packaging, a privately held company and RVL's key printing partner. L&E 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 annualized basis are expected to be approximately $200 million, following completion of the transactions.

The operations of the two companies to be acquired 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.

RVL Packaging, Inc., based in Westlake Village, Calif., employs approximately 700 individuals globally and operates in 23 countries. In addition to its worldwide operations, the company recently completed construction of a state-of-the-art facility in Statesville, N.C., for production of printed labels. L&E Packaging, established in 1956, is based in Greensboro, N.C., where its primary manufacturing facility is located. The company also has offset and flexographic printing operations in Hong Kong and Mexico, and currently employs approximately 560 people.

The combination of these operations with Avery Dennison’s Retail Information Services business will creating the opportunity to develop another core business for the company.