Avery Dennison recently announced that it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tenn., for the purchase price of $24 million. JDC employs approximately 75 people at its headquarters and manufacturing site in Tennessee, with approximately $30 million in annual revenue. The acquisition is expected to close in in the first quarter, subject to customary conditions and approvals.
JDC manufactures specialty tapes for use in a variety of high-value industrial applications. The company reportedly has longstanding relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries, among others. Upon completion of the acquisition, JDC's manufacturing operations, workforce, and product portfolio will become part of Avery Dennison's Performance Tapes North America business.