Paramax Advised on the Sale of Thermopatch Corporation to Avery Dennison
Thermopatch Corporation (“Thermopatch”) (www.thermopatch.com) is a global leader specializing in labeling, embellishments, and transfers for textiles
primarily to the industrial laundry, workwear, hospitality, and sports markets. For over 80 years, Thermopatch has positioned itself as a premier player in the development, innovation, and manufacturing of garment branding and labeling solutions. The Company sells its products worldwide with manufacturing and sales locations in the US, Netherlands, United Kingdom, Poland, France, Germany, Canada, and China.
The buyer, Avery Dennison Corporation (NYSE:AVY) (“Avery Dennison”) (www.averydennison.com), is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels, and embellishments for apparel, as well as radio frequency identification (RFID) solutions serving retail apparel and other markets. The company employs approximately 36,000 employees in more than 50 countries.
As a result of this acquisition, Thermopatch will become part of the Avery Dennison’s Retail Branding and Information Solutions (RBIS) Apparel Solutions division. The acquisition will allow the combined business to build on collective industry knowledge, leveraging the company’s know-how, quality, and service to drive growth in external embellishments.
The US member, Paramax from GlobalSCope served as the exclusive M&A advisor to Thermopatch on this transaction. Paramax has extensive experience advising manufacturers in the labeling and printing & packaging markets, serving a variety of end markets, with a track record of highly successful outcomes at premium valuations. Paramax Corporation is a FINRA-registered investment banking firm focused on M&A transaction advisory services.
For more information, please contact the Paramax deal team.
