Meridian announced that it has entered into a definitive agreement to divest its Flooring Adhesives Division, including the Taylor Adhesives, Polycom, and Frontier Products brands, to Avery Dennison (AVY). Upon closing, the Flooring Business will be integrated into Avery Dennison’s Materials Group business, positioning the brands for accelerated innovation and expanded reach. Meridian will work closely with Avery Dennison to ensure a smooth and seamless transition for employees, customers, and partners. Additional details will be communicated as the process advances.
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