Avery Dennison Corp. (NYSE:AVY), Glendale, California, has completed the acquisition of Smartrac’s Transponder business, for the purchase price of €225 million (US$250.6 million), subject to customary adjustments.
Avery Dennison Corporation is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials.
Smartrac is a leading innovator in the development and manufacture of RFID inlays. It has strong research and development capabilities and a proven track record for developing and commercializing effective, high-value and high-quality RFID products. Smartrac is now an Avery Dennison company.