M&A Deal Summary

Avery Dennison Acquires Yongle Tape

On February 6, 2017, Avery Dennison acquired chemicals company Yongle Tape from ShawKwei & Partners for 190M USD

Acquisition Highlights
  • This is Avery Dennison’s 3rd transaction in the Chemicals sector.
  • This is Avery Dennison’s 5th largest (disclosed) transaction.
  • This is Avery Dennison’s 1st transaction in China.

M&A Deal Summary

Date 2017-02-06
Target Yongle Tape
Sector Chemicals
Buyer(s) Avery Dennison
Sellers(s) ShawKwei & Partners
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Yongle Tape

Hebei, China
website
Yongle Tape Co. Ltd. is a manufacturer of polymeric plasticizer, PVC film, pressure-sensitive adhesive materials and tapes. Its products are widely used in automotive, electrical and communication industries across 70 countries and regions around the globe.

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Buyer(S) 1

Buyer

Avery Dennison

Mentor, Ohio, United States

website


Category Company
Founded 1935
Sector Consumer Products
Employees44,060
Revenue 9.0B USD (2022)
DESCRIPTION
Avery Dennison's office in Glendale, California.
Avery Dennison's office in Glendale, California.

Avery Dennison is a global provider of labeling and packaging materials and solutions. Avery Dennison's businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are sold to label printers and converters that "convert" the materials into labels and other products through embossing, printing, stamping and die-cutting. Some are sold in converted form as tapes and reflective sheeting. Avery Dennison also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related services, which are marketed to retailers and apparel manufacturers and brand owners. Avery Dennison was incorporated in 1935 and is based in Mentor, Ohio.


DEAL STATS #
Overall 9 of 14
Sector (Chemicals) 3 of 4
Type (Add-on Acquisition) 8 of 12
Country (China) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Hanita Coatings RCA

Hanita, Israel

Hanita Coatings RCA Ltd. is a provider of chemical and metal coating of polyester films primarily used for window films, digital printing labels, RFID antennae and in flexible electronics. Primary customers include window film distributors, digital printing converters and label manufacturers, electronics packaging and RFID manufacturers.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Finesse Medical

Longford, Ireland

Finesse Medical Ltd. is a developer and manufacturer of healthcare products used in the management of wound care and skin conditions. Finesse Medical is based in Longford, Ireland.

Buy -

Seller(S) 1

DESCRIPTION

ShawKwei & Partners is a private equity firm focused on opportunities across the greater China region. The Firm takes an active role with investments and generally targets significant ownership stakes in middle-market manufacturing and service companies. ShawKwei & Partners was established in 1999 and is headquartered in Hong Kong.


DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (China) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 Chosen Holdings

Singapore, Singapore

Chosen Holdings Ltd. is an provider of precision engineering services and manufacturer of electrical equipments in Singapore.

Buy $51M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 CR Asia

Singapore, Singapore

CR Asia provides specialized maintenance, plant upgrade, revamp, and engineering services in Asia and has permanent facilities in Thailand, Singapore, Malaysia, and India. The company's main objective is to become the ‘partner-of-choice’ for delivering comprehensive maintenance, plant upgrade, revamp and engineering solutions to the Oil, Gas, Refining, Petrochemical, Power and other heavy industries. It has a strong onshore and offshore capabilities, a proven track record of successful project delivery and are continually investing in new technology to improve safety and generate more value for customers. CR Asia was formed in 1991 and is based in Singapore, Singapore.

Buy $101M