Avery Dennison Corporation (NYSE:AVY) celebrates its 75th anniversary as a company this month. As part of the celebration, Chairman Dean Scarborough and the company’s leadership team rang the closing bell at the New York Stock Exchange on June 2.
Avery Dennison was founded in June 1935 by R. Stanton Avery, who developed the world's first self-adhesive label and label-making machinery in a loft above a flower shop in downtown Los Angeles. Sales for his first six months of selling removable price stickers to gift shops and other retailers totaled $1,391.
From Avery’s pressure sensitive materials and production technologies, for which he received 18 patents over the course of his career, the company named after him has evolved into a $6 billion global leader in labeling and packaging products, retail branding and information systems, and organization and identification products for work and home.
“Innovation that improves customers’ businesses and lives has been at the heart of Avery Dennison since 1935,” Scarborough says. “Avery Dennison is everywhere and impacts people every day – we’re on the products in the stores they shop, the clothes they wear, the car they drive, the signs on the highway they pass, in the offices where they work and the schools they attend.
“Today we express this heritage through a new vision: Everything we make and do helps make brands more inspiring and the world more intelligent,” he adds. “I’m excited about the future as we honor our past. Avery Dennison has always stood for innovation, and that legacy continues to propel the company forward as we invest in new markets, products and technology to better serve our customers throughout the world.”
The Company is planning commemorative events throughout the anniversary year. More on Avery Dennison’s history is available at a new Web site, www.averydennison75years.com.