Avery Dennison to acquire Vestcom from Charlesbank Capital and HarbourVest for $1.45bn.

Avery Dennison, a materials science and manufacturing company, agreed to acquire Vestcom, a provider of pricing and branded labeling solutions at the shelf-edge for retailers and consumer packaged goods companies, from private equity firms Charlesbank Capital and HarbourVest Partners, for $1.45bn. “Vestcom is a high-performing business that is a near adjacency to RBIS. With this acquisition, we are expanding our position in high-value categories and adding complementary channel access and data management capabilities that have the potential to further accelerate our Intelligent Labels strategy. We look forward to welcoming them into the Avery Dennison team," Mitch Butier, Avery Dennison Chairman, President, and CEO.