Avery Dennison to Acquire JDC Solutions Inc.
Avery Dennison agrees to acquire JDC Solutions Inc., a privately owned manufacturer of pressure-sensitive specialty tapes, for $24 million.
JDC, a third-generation company founded in 1973, employs approximately 75 employees located at its headquarters and manufacturing site in Mount Juliet, Tennessee, with approximately $30 million in annual revenue.
JDC manufactures specialty tapes for use in various industrial applications and has long-standing relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries.
Upon completing the acquisition, JDC’s manufacturing operations, workforce, and product portfolio will become part of Avery Dennison’s North American Performance Tapes business.
Avery Dennison expects to close on the acquisition in Q1, subject to customary conditions and approvals.