Avery Dennison acquires DM Label Group
Avery Dennison Corporation (NYSE:AVY) has acquired DM Label Group, a manufacturer of woven labels with manufacturing facilities in six countries. DM Label Group is headquartered in Taipei, Taiwan.
“The acquisition of DM Label Group reflects our commitment to providing the best, quickest and most consistent service to our customers, wherever they are located around the world,” says Dean A. Scarborough, president of Avery Dennison. “The DM Label Group strengthens our woven label product line and reinforces our presence in Asia, a major sourcing area for the global apparel, retail branding and marking industry.”
“We have had a long and productive relationship with Avery Dennison,” says James Hsu, president of DM Label Group. “Now, as part of Avery Dennison, we have the opportunity to offer customers an increased product range and the global scale, local presence and resources to help retailers, brand owners and factories meet their business goals.”
Founded in 1960 by the Hsu family, DM Label Group has 11 manufacturing facilities in six countries, including China, Vietnam, Malaysia, Indonesia, Taiwan and the United States. Its core products include woven labels, printed labels, accessory tapes, hang tags, heat transfer labels and “skin touch” fabric ribbon tape. Hsu will serve as a vice president and general manager. Terms of the transaction were not disclosed.