Avery Dennison acquires Catchpoint's IP for the dispensing of linerless labels

Avery Dennison acquires Catchpoint's IP for the dispensing of linerless labels

FOR IMMEDIATE RELEASE

 

OEGSTGEEST, NETHERLANDS — MARCH 17, 2022 — Avery Dennison Corporation (NYSE: AVY) today announced it has acquired the linerless label technology developed by Catchpoint Ltd, a UK company based in Yorkshire, England.

 

The purchase covers Catchpoint's patents, brand, trade secrets and know-how. Arrangements have been made to ensure the continued support of the Catchpoint team. Under the agreement, Avery Dennison will honor Catchpoint’s existing commercial agreements.

 

“With the acquisition of Catchpoint, Avery Dennison will have intellectual property that helps us fulfill two of our main 2030 sustainability goals: to deliver innovations that advance the circular economy, and to reduce environmental impact in operations and technology,” says Noel Kasmi, VP Marketing, Avery Dennison Label and Packaging Materials EMENA. “As we are pushing to make linerless labels available widely to our customers, this technology will help us move more quickly, enabling sustainable and cost-saving solutions to reach our customers around the world more rapidly. This is world class technology that will deliver real benefits to our customers and the environment.”  

 

A key strategic priority for Avery Dennison is to innovate in the area of more sustainable product solutions. Linerless labels are one area of opportunity in this area, with the potential not only to reduce liner waste, but also related production and transport costs as well.

 

“We are excited for Avery Dennison to be acquiring our technology with the intent of making its products more sustainable. Combining our technology with Avery Dennison’s scale, market position and industrial know-how represents an amazing opportunity, a worthy destination for our journey to bring linerless labelling to the market,” said Mike Cooper, Business Development Director Catchpoint Ltd.

 

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About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.

Media Contacts

MEDIA RELATIONS

Kristin Robinson

Vice President, Global Communications

kristin.robinson@averydennison.com

 

INVESTOR RELATIONS

John Eble

Vice President, Finance and Investor Relations

john.eble@averydennison.com