Meridian will divest its Flooring Adhesives Division to Avery Dennison, strengthening Avery’s Materials Group while allowing Meridian to refocus globally.
Meridian has announced that it has entered into a definitive agreement to divest its Flooring Adhesives Division, which includes well-established brands such as Taylor Adhesives, Polycom, and Frontier Products. The acquiring company is Avery Dennison, a globally recognized leader in materials science, labeling, and digital identification solutions. Once the transaction is finalized, the flooring adhesives business will become part of Avery Dennison’s Materials Group, a move that is expected to drive faster innovation, broaden market reach, and deliver enhanced value to customers.
According to Daniel Pelton, Chief Executive Officer of Meridian, this divestment represents a strategic decision that follows years of substantial growth within the Flooring Division. Pelton emphasized that the sale is not only the culmination of successful performance but also a significant step toward refocusing Meridian’s long-term vision. “We believe Avery Dennison’s scale, expertise, and commitment to innovation will elevate the Flooring Division to the next level of growth. For Meridian, this marks a shift in strategy as we concentrate on expanding our global portfolio in other key areas,” Pelton noted.
Ralph Grogan, Commercial President of Flooring, also expressed optimism about the transaction. He highlighted that customers and partners will continue to receive the same trusted products, services, and support they have come to rely on, now enhanced by Avery Dennison’s broader resources and investment power. Grogan underlined that the employees and customers will benefit from the synergies created by this integration, which is designed to ensure continuity while enabling the brands to thrive under new ownership.
To guarantee a seamless handover, Meridian confirmed that it will be working closely with Avery Dennison throughout the transition process. Both companies are committed to ensuring minimal disruption for employees, distributors, and customers, while detailed updates will be shared as the integration progresses.
From Avery Dennison’s perspective, this acquisition fits strategically within its growth agenda. Ryan Yost, President of Avery Dennison’s Materials Group, commented that Meridian’s Flooring Division is a strong-performing business with a portfolio that aligns well with Avery Dennison’s market priorities. “This acquisition will strengthen our position in high-value product lines and enable us to accelerate our growth strategy even further. We are excited to welcome Meridian’s talented flooring team into the Avery Dennison family,” Yost remarked.
The agreement underscores the evolving strategies of both companies. While Meridian aims to sharpen its focus on other global business opportunities, Avery Dennison is looking to deepen its footprint in specialty and value-added product categories. Together, the move is positioned as a win-win, delivering long-term benefits for stakeholders, customers, and employees across both organizations.
