Avery Dennison
Company Introduction:
Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials.
The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical and retail applications; tags, labels and embellishments for apparel; and radio-frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs over 30,000 employees in more than 50 countries. Reported sales in 2018 were $7.2 billion.
The Avery Dennison story begins in 1935, with just a few spare parts, one very bright idea and a $100 loan. Ray Stanton (“Stan”) Avery, a clerk in Los Angeles, invented a smarter way for stores to price their products, then went on to pioneer the labeling industry. With a few simple materials - primarily used machine parts and a saber saw - Stan created and patented the first self-adhesive, die-cut labeling machine. His practical genius would ultimately yield eighteen patents and establish Avery Adhesives as the company that could transform how brands and businesses deliver information.