Avery Dennison also plans to acquire L&E Packaging, a privately held company and RVL’s printing partner. L&E offers offset, screen and flexographic printing products tailored to the apparel and retail industries. Consolidated revenues for RVL and L&E on an annualized basis are expected to be about $200 million.
The operations of the two companies to be acquired will become part of Avery Dennison’s Retail Information Services business, enhancing its existing data management and ticketing capabilities. The expanded Retail Information Services business is expected to generate annual sales of more than $500 million and will provide a complete brand identification and supply chain management solution for apparel manufacturers and retailers, including tag and label design and printing, inventory and shipment tracking, and comprehensive data management systems.
RVL Packaging, based in Westlake Village, CA, employs 700 people globally and operates in 23 countries. The company recently completed construction of a plant in Statesville, NC, for production of printed labels. Senior management at RVL will remain with Avery Dennison following completion of the acquisition.
L&E Packaging, established in 1956, is based in Greensboro, NC, where its primary manufacturing facility is located. The company also has offset and flexographic printing operations in Hong Kong and Mexico, and employs approximately 560 people. L&E prints graphic hang tags and labels for apparel, and has operated as a supplier and partner to RVL for more than 20 years. Senior man