Avery Dennison announced its acquisition of Hanita Coatings from Kibbutz Hanita and Tene Investment Funds in a release dated February 28, 2017. The buyer said the acquired company would operate as Avery Dennison Hanita, a distinct business unit.
Hanita manufactured specialty films and laminates from a base in northern Israel. Its capabilities included coating, laminating and metallizing polyester films, with sales and distribution facilities in the United States, Germany, China and Australia.
The company’s 2017 annual report describes a combination of Hanita net-asset purchases and acquisitions of shares in certain subsidiaries. It records completion on March 1, one day after the date on the completion announcement.
The reviewed documents do not explain that discrepancy. This historical brief therefore uses February 28 as the announcement date and leaves the exact closing day unresolved, rather than presenting either date as independently reconciled.
Sources & reporting notes
- Avery Dennison Completes Acquisition of Hanita Coatings Avery Dennison · Source dated February 28, 2017Web source turn1596view0, lines 314–325, entire substantive release read. Explicit February 28, 2017 dateline.
- 2017 Annual Report, Note 2: Acquisitions Avery Dennison via U.S. Securities and Exchange CommissionWeb sources turn1610view0 and turn1613view0; acquisition note lines 1466–1476 and related classification lines 1520–1521 read. This is a relevant-section read, not a claim to have read the entire annual report. The SEC filing is signed February 21, 2018, but no separate annual-report publication day is asserted.
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