Avery Dennison Corp. has acquired linerless label
technology developed by Catchpoint Ltd., a UK company based in Yorkshire, England. The purchase includes Catchpointâ??s patents, brand, trade secrets, and know-how. Avery Dennison reports that arrangements have been made to ensure the continued support of the Catchpoint team. Under the agreement, Avery Dennison will honor Catchpointâ??s existing commercial agreements.
â??With the acquisition of Catchpoint, Avery Dennison will have intellectual property that helps us fulfill two of our main 2030 sustainability goals: to deliver innovations that advance the circular economy
, and to reduce environmental impact in operations and technology,â? said Noel Kasmi, vice president of marketing for Avery Dennison Label and Packaging Materials EMENA. â??As we are pushing to make linerless labels available widely to our customers, this technology will help us move more quickly, enabling sustainable and cost-saving solutions to reach our customers around the world more rapidly. This is world class technology that will deliver real benefits to our customers and the environment.â?Â Â
According to Mike Cooper, business development director Catchpoint, â??We are excited for Avery Dennison to be acquiring our technology with the intent of making its products more sustainable. Combining our technology with Avery Dennisonâ??s scale, market position and industrial know-how represents an amazing opportunity, a worthy destination for our journey to bring linerless labelling to the market.â?
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