Avery Dennison completes Hanita Coatings acquisition

Avery Dennison Corporation (NYSE:AVY) today announced it has completed the acquisition of Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita and Tene Investment Funds.

Headquartered in northern Israel with sales and distribution facilities in the United States, Germany, China and Australia, Hanita develops and manufactures coated, laminated and metallized polyester films for a range of industrial and commercial applications. 

Hanita Coatings will be known as Avery Dennison Hanita and will continue its operations as a distinct business unit.