Avery Dennison Corp., Pasadena, Calif., marked its 75th anniversary as a company June 2 when the firm’s CEO Dean A. Scarborough and leadership team rang the closing bell at the New York Stock Exchange.
Avery Dennison was founded in June 1935 by R. Stanton Avery, who developed the world's first self-adhesive label and label-making machinery in a loft above a flower shop in downtown Los Angeles. Sales for his first six months of selling removable price stickers to gift shops and other retailers totaled $1,391.
From Avery’s pressure-sensitive materials and production technologies—for which he received 18 patents over the course of his career—the company named after him has evolved into a $6 billion global leader in labeling and packaging solutions, retail branding and information solutions, and organization and identification solutions for work and home.
“I’m excited about the future as we honor our past,” Scarborough said at the ceremony. “Avery Dennison has always stood for innovation, and that legacy continues to propel the company forward as we invest in new markets, products and technology to better serve our customers throughout the world.”
The Company is planning commemorative events throughout the anniversary year. Visit www.averydennison75years.com for more information.