July 29, 2021
Avery Dennison announced that it has signed an agreement to acquire Vestcom, a privately held market-leading provider of pricing and branded labeling solutions at the shelf-edge for retailers and consumer packaged goods companies, for US$1.45 billion in a cash transaction, subject to certain closing and post-closing adjustments. The acquisition is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions.
Latham & Watkins LLP represents Avery Dennison in the acquisition with a corporate team led by Century City partner Steve Stokdyk and Los Angeles partner David Zaheer with associates Alidad Damooei, Ariel Gershoig, and Tyler Miller. Advice was also provided on tax matters by Los Angeles partner Larry Stein and Los Angeles counsel Will Kessler; on employee benefits and compensation matters by San Diego partner Holly Bauer and Chicago counsel Sandhya Chandrasekhar with associate Harrison Taylor; on intellectual property matters by Orange County counsel David Kuiper with associate Nathan Wages; on environmental matters by Los Angeles counsel Aron Potash with associate Jen Garlock; on real estate matters by Los Angeles partner Kim Boras; on antitrust matters Bay Area partner Joshua Holian and Washington, D.C. counsel Peter Todaro; on finance matters by Los Angeles partners Elizabeth Oh and Brent Epstein with associates Nathan Whitaker, Michael Jung, and Celia Lown; and on insurance matters by Los Angeles partner Drew Levin and associate Harrison White.