I was doing some research today on Avery Dennison. If you work in retail clothing you’re probably familiar with Avery Dennison tag machines, and if you don’t work in clothing retail you probably think you’ve never heard of them — but of course you’re wrong. You know when you need to print out labels — return address or shipping labels or whatever — and they all have an “Avery” number? That’s Avery Dennison.
And of course even if the labels aren’t Avery Dennison labels, they’ll still say what Avery number equivalent they are. Even the Microsoft Word template wizard has all the Avery numbers preset in it. They’re a big deal.
In point of fact, they’re a fortune 500 company making over 6 billion with a B dollars in sales each year. And in the course of researching them I learned that those labels and tag attachers are both small parts of their business. Apparently — at least according to Wikipedia, which I’ve no reason to doubt — over 50% of their business comes from their Pressure-Sensitive Materials segment. This includes, and I quote: “pressure-sensitive roll-label materials, films for graphic applications, relfective highway-safety products, performance polymers, and extruded films.”
And I have to admit that after reading that, I have no idea at all exactly what that segment does. Reflective film for highway safety seems to me to mean reflective tape. I’m sure how that’s pressure sensitive though, so perhaps it’s something similar but different.
At any rate, the interesting thing (and Wikipedia is awesome to already have this) is that Avery Dennison has apparently sold their Office and Consumer Products segment to 3M. This means those labels and all the other office products they make (and they make a bunch) is being sold off. The surprising thing to me is that it’s being sold for $550 million, which seems really low. I mean, don’t get me wrong, 500 million dollars is a lot of money, but for a giant division of a fortune 500 company making over 6 billion a year, it seems like a comparatively low price to sell off such a huge division — especially when it’s a division with so much brand recognition for Avery Dennison.
It was so intriguing in fact that I almost did some more research to find out more information about the deal. But then I discovered that I wasn’t quite that interested.

I’ve talked a bit before about machining equipment and how we work with a lot of machine shops at my work. The nice thing about this is I often feel like I have a pretty good handle on the whole CNC machining terminology, working with enough of it day in and day out. As always, just when I feel like I understand a section of the industrial market, I come across something to prove that I don’t know what I thought I knew. In this case it has to do with both vertical machining centers and 5 axis CNC machines — both coming from the same client.