Avery Dennison has acquired Yongle is a China based manufacture of specialty self-agglutinative tapes

Avery Dennison Corporation, a global leader in pressure-sensitive and functional materialsS and labeling solutions for the retail apparel marketplace, recently completed the acquisition of Yongle Record 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 Prc's Hebei Province, with production facilities in Zhuozhou and Shanghai, Yongle Tape is Cathay's leading manufacturer of cable harnessing and insulation tapes. The company is a primal supplier to both Chinese and global automakers, with a portfolio of loftier-value products that are specified by the automotive OEMs and their suppliers.

"With its well-regarded products and all-encompassing customer relationships, Yongle Tape is an fantabulous strategic fit with our visitor and a strong partner for our growing business organization in industrial materials," said Mitch Butier, Avery Dennison president and chief executive officer. "This acquisition advances our strategy to expand our global capabilities, while accelerating our growth and increasing our scale in the high-value industrial materials and healthcare segments."

Yongle Tape will operate inside Avery Dennison's Industrial and Healthcare Materials business organization group, working in close collaboration with the visitor's global Performance Tapes and Fastener Solutions businesses.

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