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Avery Dennison Completes Acquisition of Yongle Tape Company Ltd.

Yongle Tape Company Ltd. produces specialty tapes and related products for a variety of industrial markets.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Avery Dennison announced it has completed the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products in a variety of industrial markets, from its management and private equity firm ShawKwei & Partners.
 
Headquartered in China’s Hebei Province, with production facilities in Zhuozhou and Shanghai, Yongle Tape is China’s leading manufacturer of cable harnessing and insulation tapes. The company is a key supplier to both Chinese and global automakers.
 
Yongle Tape will operate within Avery Dennison’s Industrial and Healthcare Materials business group, working with the company’s global Performance Tapes and Fastener Solutions businesses.

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