M&A Deal Summary

Avery Dennison Acquires Hanita Coatings RCA

On December 12, 2016, Avery Dennison acquired chemicals company Hanita Coatings RCA from Tene Investment Funds for 75M USD

Acquisition Highlights
  • This is Avery Dennison’s 2nd transaction in the Chemicals sector.
  • This is Avery Dennison’s 8th largest (disclosed) transaction.
  • This is Avery Dennison’s 1st transaction in Israel.

M&A Deal Summary

Date 2016-12-12
Target Hanita Coatings RCA
Sector Chemicals
Buyer(s) Avery Dennison
Sellers(s) Tene Investment Funds
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Hanita Coatings RCA

Hanita, Israel
Hanita Coatings RCA Ltd. is a provider of chemical and metal coating of polyester films primarily used for window films, digital printing labels, RFID antennae and in flexible electronics. Primary customers include window film distributors, digital printing converters and label manufacturers, electronics packaging and RFID manufacturers.

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Buyer(S) 1

Buyer

Avery Dennison

Mentor, Ohio, United States

Category Company
Founded 1935
Sector Consumer Products
Employees35,000
Revenue 8.8B USD (2024)
DESCRIPTION
Avery Dennison's office in Glendale, California.
Avery Dennison's office in Glendale, California.

Avery Dennison is a global provider of labeling and packaging materials and solutions. Avery Dennison's businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are sold to label printers and converters that "convert" the materials into labels and other products through embossing, printing, stamping and die-cutting. Some are sold in converted form as tapes and reflective sheeting. Avery Dennison also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related services, which are marketed to retailers and apparel manufacturers and brand owners. Avery Dennison was incorporated in 1935 and is based in Mentor, Ohio.


DEAL STATS #
Overall 8 of 16
Sector: Chemicals M&A 2 of 6
Type: Add-on Acquisition M&A Deals 7 of 12
Country: Israel M&A 1 of 1
Year: 2016 M&A 3 of 3
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Ink Mill

Sanbornton, New Hampshire, United States

Ink Mill Corp. is a provider of digital inkjet inks. Ink Mill offers a wide range of full solvent, eco solvent, bio solvent, water based, UV and LED inks designed to offer the best quality products at affordable prices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Yongle Tape Co.

Hebei, China

Yongle Tape Co. Ltd. is a manufacturer of polymeric plasticizer, PVC film, pressure-sensitive adhesive materials and tapes. Its products are widely used in automotive, electrical and communication industries across 70 countries and regions around the globe.

Buy $190M

Seller(S) 1

SELLER

Tene Investment Funds

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tene Investment Funds is an Israeli private equity firm focused on acquiring growth-oriented companies. The Firm targets well-established, export-oriented, tech-enabled businesses operating in growth sectors that include resource management, water treatment, clean technologies, metal, plastic products and components, consumer products, and homeland security. Tene Investment Funds was formed in 2004 and is based in Tel Aviv.


DEAL STATS #
Overall 6 of 9
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Israel M&A 6 of 8
Year: 2016 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Ortal Fireplaces

Columbus, Ohio, United States

Ortal Fireplaces is a manufacturer and distributer of direct vent gas fireplaces, primarily to the US and European markets. Its innovative designs enable installation across diverse residential and commercial settings, including complex ventilation configurations. Ortal Fireplaces was formed in 2010 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Sharon Laboratories

Ashdod, Israel

Sharon Laboratories develops, produces, and markets chemical compounds and blends for the cosmetics, food and drink industries. Sharon Labs specializes ‎in ‎producing preservatives for cosmetics, both traditional and ‎innovative (free-of or natural) preservatives. Sharon Laboratories was formed in 1977 and is based in Israel.

Buy -