Avery Dennison Corp. on Monday announced it has acquired health care product manufacturer Finesse Medical Ltd. of Longford, Ireland.
The Glendale label and materials maker will gain new products and manufacturing capabilities from the U.K.-based health care materials business, which specializes in the development of wound care and skin treatments.
Some of Finesse’s products include skin barrier films, protection creams and silicone and polyurethane foam wound dressings. In addition, the company offers contract manufacturing and product development services. Last year, Finesse brought in approximately €15 million, or $16.9 million, in revenue.
“Finesse Medical is a top-quality manufacturer with a strong track record for developing and commercializing effective, high-value products in the medical sector,” Avery Dennison Chief Executive Mitch Butier said in a statement. “This acquisition will accelerate the achievement of our long-term strategic and financial goals for our industrial and health care materials segment.”
Avery Dennison (AVY) closed up 43 cents, or less than a percent, to $83.19 on the New York Stock Exchange.