Avery Dennison to Acquire JDC Solutions, Inc.March 10th, 2021 by Emmariah Holcomb
Avery Dennison has agreed to acquire JDC Solutions, Inc. (JDC), a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tenn., for the purchase price of $24 million. JDC employs approximately 75 people located at its headquarters and manufacturing site in Tennessee, and has approximately $30 million in annual revenue, according to the company.
JDC manufactures specialty tapes for use in a variety of high-value industrial applications, and has relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries. Upon completion of the acquisition, JDC’s manufacturing operations, workforce and product portfolio will become part of Avery Dennison’s Performance Tapes North America business.
The acquisition is expected to close in Q1, and is subject to customary conditions and approvals.