Avery Dennison has signed an agreement to acquire Thermopatch, a provider of labeling, embellishments, and transfers for the sports, industrial laundry, workwear and hospitality industries. After the deal closes, which is expected to happen in the first quarter of 2023, Thermopatch will become part of the company’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. Thermopatch, headquartered in Syracuse, NY, USA, had revenues of approximately $40 million in 2022, with around 200 employees, with operations in North America and Europe.

“We are thrilled to welcome Thermopatch into the Avery Dennison family. It’s an excellent strategic fit for expanding our position in embellishments, labels and transfers,” says Michael Barton, senior vice president and general manager RBIS Apparel Solutions. “We continue to accelerate our progress within our external embellishments business, going from strength to strength and entering new markets. In doing so, we are building on last year’s launch of Embelex, Avery Dennison’s full-service, end-to-end platform for on-product branding, graphics and trims, and accelerating our strategy to drive growth and innovation in this market. Combining Thermopatch and our strong product portfolio and long-standing customer relationships will enable us to continue to grow and deliver value for all our stakeholders.”

Plus, Constantia Flexibles, a global producer of flexible packaging, has signed a joint venture (JV) agreement for its Indian business and operations with Premji Invest and SB Packagings. The combination will help Constantia Flexibles achieve its ambition to grow further and create value in the Indian market.

“I am very pleased to partner with SB Packagings and Premji Invest,” says Pim Vervaat, CEO of Constantia Flexibles. “I have the greatest respect for SB Packagings’ achievements and look forward to the joint venture, supported by Premji Invest, to grow the combined business profitably.”

The JV is pursuing organic as well as inorganic growth in higher added value market segments in India, continuing its strong growth trajectory in the hygiene segment whilst further developing the more sustainable mono-material EcoLam product range. With the new partners, Constantia Flexibles is able to strengthen its business in the region and various market segments. As SB Packagings is a leading player in the hygiene segment, the new partnership will help extend Constantia Flexibles’ portfolio.

Here are the highest-trafficked news items for the week ending on January 20:

1. Avery Dennison set to acquire Thermopatch
2. Constantia Flexibles announces joint venture in India
3. Berkshire labels reports record sales, credits new Mark Andy press
4. Color-Logic certifies Dantex label presses
5. Aluminum foil trade actions threaten flexible packaging industry