Clifton Adhesives is a major supplier to the aerospace, military, recreational and commercial marine market of thermoplastic and elastomeric adhesives and coatings, which are used in the fabrication of inflatable structures.
The $200 million purchase price, subject to adjustment as provided in the purchase agreement, will be financed with availability under an existing $500 million revolving credit facility.
Avery Dennison Medical Solutions recently announced a partnership with Preventice Inc. to produce patch-based wearable sensors for clinical monitoring of a patient’s unique physiological characteristics.
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