11 December 2019
Avery Dennison Buying Smartac Technology
Pressure sensitive manufacturer
Pressure sensitive manufacturer
Smartrac Technology Group, has reached an agreement to sell its RFID Transponder Division to Avery Dennison, which is expanding of its intelligent label business. Smartrac's RFID inlay and tags business will add to  Avery Dennison’s intelligent label business , growing its existing  business , adding to  the company’s R&D, manufacturing and sales capacity and increase its RFID offerings.
RFID label manufacturer
RFID label manufacturer
As part of the transaction, Avery Dennison will acquire Smartrac’s Transponder business and associated assets, including all manufacturing, R&D, sales and administration facilities, and will take over all affected employees. The company will also assume all contractual obligations to employees, customers and suppliers. The acquisition is subject to regulatory approvals .
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