Avery Dennison Corporation (NYSE:AVY) is looking for acquisitions. Chief Executive Officer Mitchell Butier said, " We will continue to invest disproportionately here, both organically and through acquisitions, which over time, will improve our portfolio mix. We have many exciting high value opportunities". Gregory Lovins, Chief Financial Officer said, "we see compelling opportunities to expand our capabilities through both organic investments and bolt-on acquisitions. On that front, we recently announced a small acquisition that we're very excited about in our industrial tapes business in North America, of a company called JDC Solutions, which has about $30 million in revenue and competes in very complementary areas as our existing industrial business. We have ample capacity to increase our return of cash to shareholders and to invest in the business organically and through acquisitions and all of these while maintaining a healthy balance sheet and our commitment to our credit rating".
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).
AVERY DENNISON CORPORATION 
