$390 Million! Avery Dennison Acquires Meridian's Flooring Adhesives Business

On August 25, 2025, Avery Dennison announced that it has signed a definitive agreement to acquire the U.S. flooring adhesives business of global adhesives manufacturer Meridian Adhesives Group for $390 million. The transaction is subject to customary closing conditions and post-closing adjustments.

Meridian's flooring adhesive business is a leader in the research, production, and commercialization of specialty adhesives and coatings in the U.S. flooring industry, with an expected revenue of approximately $110 million in 2025 and a considerable operating profit margin. The business is headquartered in Dalton, Georgia, USA, and has four manufacturing plants in the country, employing approximately 110 people.

Deon Stander, President and CEO of Avery Dennison Corporation, stated: "Avery Dennison has always focused on expanding in high-value areas through a dual approach of organic growth and acquisitions. This acquisition will fully leverage our materials science expertise and strengthen our specialty adhesive solutions through a company renowned in the flooring industry for product quality, solid customer relationships, and continuous innovation."

After the transaction is completed, Meridian's flooring adhesives business will become part of Avery Dennison Materials Group. Meridian's flooring adhesives business includes brands such as Taylor Adhesives, Polycom, and Frontier Products.

Ryan Yost, President of Avery Dennison Materials Group, stated: "This acquisition is highly aligned with our company strategy, adding application-based solutions in high-value areas to our adhesive product portfolio. The cost and technological synergies will strengthen our materials science capabilities and expertise in acrylic adhesives, and open up new application opportunities for us in the flooring industry."

Ralph Grogan, President of Meridian Flooring Business, added, "I am very proud of the achievements of the teams at Taylor Adhesives, Polycom, and Frontier Products. With the support and influence of Avery Dennison, these brands will be able to continue growing and create greater value for our customers."

Avery Dennison expects the transaction to be completed in the fourth quarter.