Meridian to Divest Flooring Business, Including Taylor Adhesives, Polycom, and Frontier Products, to Avery Dennison
Avery Dennison (NYSE:AVY) has entered into a definitive agreement to acquire Meridian's Flooring Adhesives Division, which includes the Taylor Adhesives, Polycom, and Frontier Products brands. The division will be integrated into Avery Dennison's Materials Group business following the closure of the transaction.
The strategic acquisition aims to expand Avery Dennison's presence in high-value product lines and accelerate its growth strategy. Meridian will work with Avery Dennison to ensure a smooth transition for employees, customers, and partners, maintaining continuity in personnel, products, and service while benefiting from increased investment and resources.
Avery Dennison (NYSE:AVY) ha firmato un accordo vincolante per acquisire la divisione Flooring Adhesives di Meridian, che comprende i marchi Taylor Adhesives, Polycom e Frontier Products. La divisione sarà integrata nel business Materials Group di Avery Dennison una volta completata l'operazione.
L'acquisizione strategica mira a rafforzare la presenza di Avery Dennison in linee di prodotto ad alto valore e ad accelerare la sua strategia di crescita. Meridian collaborerà con Avery Dennison per garantire una transizione fluida per dipendenti, clienti e partner, mantenendo continuità nel personale, nei prodotti e nei servizi e beneficiando allo stesso tempo di maggiori investimenti e risorse.
Avery Dennison (NYSE:AVY) ha suscrito un acuerdo definitivo para adquirir la división de Adhesivos para Pisos de Meridian, que incluye las marcas Taylor Adhesives, Polycom y Frontier Products. La división se integrará en el negocio Materials Group de Avery Dennison una vez cerrada la transacción.
La adquisición estratégica pretende ampliar la presencia de Avery Dennison en líneas de productos de alto valor y acelerar su estrategia de crecimiento. Meridian colaborará con Avery Dennison para asegurar una transición fluida para empleados, clientes y socios, manteniendo la continuidad del personal, los productos y el servicio, al tiempo que se beneficiará de una mayor inversión y recursos.
Avery Dennison (NYSE:AVY)는 Meridian의 Flooring Adhesives 사업부(여기에는 Taylor Adhesives, Polycom, Frontier Products 브랜드 포함)를 인수하는 확정 계약을 체결했습니다. 거래 종결 후 해당 사업부는 Avery Dennison의 Materials Group 사업에 통합될 예정입니다.
이번 전략적 인수는 고부가가치 제품군에서 Avery Dennison의 입지를 확대하고 성장 전략을 가속화하는 것을 목표로 합니다. Meridian은 직원, 고객 및 파트너의 원활한 전환을 위해 Avery Dennison과 협력하며 인력, 제품 및 서비스의 연속성을 유지하는 동시에 더 많은 투자와 자원을 활용하게 됩니다.
Avery Dennison (NYSE:AVY) a conclu un accord définitif pour acquérir la division Flooring Adhesives de Meridian, qui comprend les marques Taylor Adhesives, Polycom et Frontier Products. La division sera intégrée à l'activité Materials Group d'Avery Dennison après la clôture de la transaction.
Cette acquisition stratégique vise à renforcer la présence d'Avery Dennison sur des gammes de produits à forte valeur ajoutée et à accélérer sa stratégie de croissance. Meridian collaborera avec Avery Dennison pour assurer une transition en douceur pour les employés, les clients et les partenaires, en maintenant la continuité des effectifs, des produits et du service tout en bénéficiant d'investissements et de ressources accrus.
Avery Dennison (NYSE:AVY) hat eine endgültige Vereinbarung zum Erwerb der Flooring Adhesives Division von Meridian getroffen, zu der die Marken Taylor Adhesives, Polycom und Frontier Products gehören. Die Division wird nach Abschluss der Transaktion in das Materials Group-Geschäft von Avery Dennison integriert.
Die strategische Akquisition zielt darauf ab, Avery Dennisons Präsenz in wertstarken Produktlinien zu erweitern und die Wachstumsstrategie zu beschleunigen. Meridian wird mit Avery Dennison zusammenarbeiten, um einen reibungslosen Übergang für Mitarbeiter, Kunden und Partner sicherzustellen und dabei Kontinuität bei Personal, Produkten und Service zu wahren sowie von erhöhten Investitionen und Ressourcen zu profitieren.
- None.
- Integration process may present temporary operational challenges
- Potential organizational changes during transition period
Insights
Avery Dennison's acquisition of Meridian's flooring division expands its materials business with complementary high-value product lines that align with its growth strategy.
Avery Dennison (AVY) is acquiring Meridian's Flooring Adhesives Division, which includes three established brands: Taylor Adhesives, Polycom, and Frontier Products. This transaction represents a strategic expansion for Avery Dennison's Materials Group business unit.
The acquisition aligns perfectly with Avery Dennison's growth strategy by adding "high-value product lines" to its portfolio. For Avery Dennison, this move builds upon their materials science capabilities and allows them to expand their presence in the specialized flooring adhesives market.
From Meridian's perspective, this divestiture represents a strategic pivot to focus resources on their remaining portfolio. CEO Daniel Pelton's statement indicates the flooring division has achieved substantial growth under Meridian's ownership, suggesting they're selling from a position of strength rather than necessity.
The press release emphasizes continuity for customers with "the same people, products, and service" they're accustomed to, while suggesting the new ownership will provide "even more investment and resources." This positioning aims to reassure stakeholders while highlighting the potential upside of the transaction.
For Avery Dennison investors, this acquisition potentially introduces new revenue streams and cross-selling opportunities within their materials business. The focus on "high-performing" and "high-value" products suggests the acquisition targets margin expansion rather than merely increasing scale.
While financial terms weren't disclosed, the acquisition appears to be a targeted, strategic move rather than a transformational merger, focusing on specific complementary product lines rather than broader market consolidation.
Upon closing, the Flooring Business will be integrated into Avery Dennison's Materials Group business, positioning the brands for accelerated innovation and expanded reach.
"This transaction is the culmination of years of successful growth and value created in our leading Flooring Division," said Daniel Pelton, CEO of Meridian. "We're pleased to enter into this agreement with Avery Dennison as we believe that their scale and innovation capabilities will accelerate the future growth of the division. For Meridian, this is a strategic move — focusing the company on the global growth of our remaining portfolio."
Ralph Grogan, Commercial President of Flooring, added: "We look forward to seeing our brands thrive with Avery Dennison's support. Our customers can expect the same people, products, and service they know today—now backed by even more investment and resources."
Meridian will work closely with Avery Dennison to ensure a smooth and seamless transition for employees, customers, and partners. Additional details will be communicated as the process advances.
"Meridian's flooring division is a high-performing business that is an excellent fit with Avery Dennison and Materials Group," said Ryan Yost, President, Materials Group. "This acquisition will expand our presence in high-value product lines that will further accelerate our growth strategy. We look forward to welcoming Meridian's flooring team to Avery Dennison."
About Meridian
Meridian Adhesives Group is a leading manufacturer of high-performance adhesives, providing cutting-edge solutions across electronics, product assembly, infrastructure, packaging, and flooring markets. With a strong portfolio of innovative brands, Meridian is dedicated to delivering superior adhesive technologies to meet the evolving needs of global customers. Visit www.meridianadhesives.com for more information.
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company. We are Making Possible™ products and solutions that help advance the industries we serve, providing branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. We design and develop labeling and functional materials, radio-frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and offerings that enhance branded packaging and carry or display information that improves the customer experience. Serving industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2024 were
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SOURCE Meridian Adhesives Group
FAQ
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