August 2010 Supplier News
Avery Dennison Turns 75
PASADENA, Calif.—Avery Dennison Corporation marked its 75th anniversary as a company on June 2 by having Chairman, President, and CEO Dean A. Scarborough and the company's leadership team ring the closing bell at the New York Stock Exchange.
Avery Dennison was founded in June 1935 by R. Stanton Avery, who developed the world's first self-adhesive label and label-making machinery in a loft above a flower shop in downtown Los Angeles. Sales for his first six months of selling removable price stickers totaled $1,391. Today, the company named after him has evolved into a $6 billion global leader in labeling and packaging solutions, retail branding and information solutions, and organization and identification solutions for work and home.
"Innovation that improves customers' businesses and lives has been at the heart of Avery Dennison since 1935," Scarborough said. "I'm excited about the future as we honor our past. Avery Dennison has always stood for innovation, and that legacy continues to propel the company forward as we invest in new markets, products, and technology to better serve our customers throughout the world."
In an interview with packagePRINTING, Don Nolan, group VP for the Roll Materials Division, said the company is "bullish" on the future. "Growth is on everyone's mind," he says. For Avery, growth opportunities are focused on three areas: emerging markets, increased pressure-sensitive (p-s) labeling penetration; and innovation.
One example of new penetration Nolan cites is a Korean company that has branded eggs by replacing its direct print container with a p-s labeled product. He also highlighted Avery Dennison's distribution arrangement with Polysack Plastic Industries. Polysack's Polyphane™ Fit roll-fed shrink films have very high shrink ratios (up to 50 percent) and can be easily separated from PET containers for recycling.
The company is planning commemorative events throughout the anniversary year.
