Avery Dennison completes Hanita acquisition

Avery Dennison has completed the acquisition of Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita and Tene Investment Funds.

Avery Dennison Hanita to continue its operations as a distinct business unit

Headquartered in northern Israel, with sales and distribution facilities in the US, Germany, China and Australia, Hanita Coatings develops and manufactures coated, laminated and metalized polyester films for a range of industrial and commercial applications. Hanita Coatings will be known as Avery Dennison Hanita and will continue its operations as a distinct business unit.

At the time of acquisition being revealed last year, Mitch Butier, Avery Dennison president and CEO, said: ‘We see clear opportunities to leverage our strong global organization and established brand to help accelerate Hanita Coatings’ product commercialization around the world.

‘In addition to expanding our product portfolio and providing new growth opportunities, Hanita Coatings’ culture of innovation and long-standing commitment to R&D are a strong fit with our own company’s 80-year history of innovation in materials science.’