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Avery Dennison to acquire Meridian Adhesives’ flooring adhesives business
Avery Dennison has signed an agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group for USD 390 million. The deal is expected to close in the fourth quarter of 2025.
Avery Dennison Corporation has entered into a definitive agreement to acquire the flooring adhesives business of Meridian Adhesives Group in the United States. The purchase price amounts to USD 390 million (about EUR 360 million). Closing is anticipated in the fourth quarter of 2025 and is not expected to materially impact adjusted earnings per share for the year.
Meridian’s flooring adhesives division is a recognised leader in developing, manufacturing and commercialising specialty adhesives and coatings for the U.S. flooring industry. Headquartered in Dalton, Georgia, the business operates four production sites across the country, employs approximately 110 people, and is projected to achieve revenues of around USD 110 million in 2025.
Strategic expansion of adhesives portfolio
Following completion, the flooring adhesives operations – including the Taylor Adhesives, Polycom and Frontier Products brands – will be integrated into Avery Dennison’s Materials Group. “This acquisition brings valuable application-oriented solutions in high-value categories to our adhesives portfolio and opens new opportunities in the flooring sector,” said Ryan Yost, president of Avery Dennison Materials Group.
Avery Dennison CEO Deon Stander emphasised the company’s continued focus on expanding in specialty adhesives, while Meridian’s Ralph Grogan underlined the growth potential: “With Avery Dennison’s support and reach, our brands are well-positioned to keep expanding and delivering greater value to customers.”
