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Middle East: Avery Dennison buys Israeli company

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Avery Dennison Corporation has completed the acquisition of Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita and Tene Investment Funds.

Headquartered in northern Israel with sales and distribution facilities in the US, Germany, China and Australia, Hanita develops and manufactures coated, laminated and metallized polyester films for a range of industrial and commercial applications.

Hanita Coatings will be known as Avery Dennison Hanita and will continue its operations as a distinct business unit.