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Avery Dennison to Webcast Second Quarter 2021 Earnings Conference Call
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Avery Dennison (NYSE:AVY) said today it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million. JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately $30 million in annual revenue.
JDC manufactures specialty tapes for use in a variety of high-value industrial applications, and has longstanding relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries, among others. Upon completion of the acquisition, JDC’s manufacturing operations, workforce and product portfolio will become part of Avery Dennison’s Performance Tapes North America business.
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Avery Dennison to Acquire JDC Solutions, Inc.
February 15, 2021 GMT
GLENDALE, Calif. (BUSINESS WIRE) Feb 15, 2021
Avery Dennison (NYSE:AVY) said today it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million. JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately $30 million in annual revenue.
JDC manufactures specialty tapes for use in a variety of high-value industrial applications, and has longstanding relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries, among others. Upon completion of the acquisition, JDC’s manufacturing operations, workforce and product portfolio will become part of Avery Dennison’s Perform
Operator
Ladies and gentlemen, thank you for standing by. [Operator Instructions] Welcome to Avery Dennison s Earnings Conference Call for the Fourth Quarter and Full-Year Ended January 2nd, 2021.
This call is being recorded and will be available for replay from noon Pacific Time today through midnight Pacific Time February 6th. To access the replay, please dial 800-633-8284 or for international callers +1-402-977-9140. The conference ID number is 21969418.
I d now like to turn the call over to John Eble, Avery Dennison s Senior Director of Investor Relations. Please go ahead.
John Eble
Investor Relations
Thank you Meladin. Please note that throughout today s discussion, we ll be making references to non-GAAP financial measures. The non-GAAP measures that we use are defined, qualified and reconciled with GAAP on schedules A4 to A9 of the financial statements accompanying today s release.
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