Avery Dennison completed the acquisition of Thermopatch.

Avery Dennison, a global materials science and digital identification solutions company, completed the acquisition of Thermopatch, a company specializing in labeling, embellishments, and transfers for the sports, industrial laundry, workwear and hospitality industries. Financial terms were not disclosed. "This next chapter is a great opportunity for us. I am proud of what we as a business have accomplished over the last 85 years, and I am confident that Thermopatch will continue to thrive. With the combined capabilities of both businesses, we can further advance innovation and provide increased value for our customers and the industries we serve while continuing to deliver the same quality of service," Tom DePuit, Thermopatch CEO.