Avery Dennison Corporation has announced a definitive agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group for $390 million. The acquisition will see the flooring adhesives business, including brands such as Taylor Adhesives, Polycom, and Frontier Products, integrated into Avery Dennison's Materials Group. The move aims to enhance Avery Dennison's materials science capabilities and deepen its specialty adhesives solutions within the flooring industry. The transaction, advised by Chemlink Partners, LLC and Goodwin Procter LLP for Avery Dennison, and Piper Sandler, Moelis & Company, and Weil, Gotshal & Manges LLP for Meridian, is expected to close in the fourth quarter. The acquisition is projected to generate approximately $110 million in revenue by 2025, although it is not anticipated to materially impact Avery Dennison's adjusted earnings per share for that year.