Avery Dennison to acquire the flooring adhesives business of Meridian Adhesives Group for $390m.

Avery Dennison, a global materials science and digital identification solutions company, agreed to acquire the flooring adhesives business of Meridian Adhesives Group, a manufacturer of adhesives and sealants, for $390m. "Avery Dennison remains sharply focused on expanding in high-value categories, both organically and through M&A. This acquisition will leverage our materials science capabilities, while deepening our specialty adhesives solutions, with a business that is highly regarded within the floor covering industry for its product quality, strong customer relationships and continuous innovation," Deon Stander, Avery Dennison President and CEO.