Avery Dennison business line goes independent

NOVEXX Solutions enters the market as a new and yet globally recognised supplier of industrial identification and labelling solutions.

The former Avery Dennison business line Industrial Print & Apply (IPA) has been active for around 50 years and supports customers worldwide with first-class industry solutions along the supply chain.

Effective 1 June, this business will operate in several countries around the world as NOVEXX Solutions.

"The new NOVEXX Solutions will continue to focus on creating sustainable added value not only for its existing customer base, but also for any new customer who chooses to work with us”, says Managing Director Manfred Borbe, summarising the NOVEXX Solutions philosophy.

Building on a strong foundation, NOVEXX Solutions provides more flexible structures that pave the way to new innovations and make the experienced company even more appealing to customers.

NOVEXX Solutions is now part of the global L. Possehl Group of companies.

"As a group of companies that is successful worldwide, Possehl believes strongly in the potential of the Novexx Solutions Group," said Dietrich Barsch, managing director Possehl SME Investments. The excellent market conditions for NOVEXX Solutions made our decision to make a long-term investment very easy."

NOVEXX Solutions is not planning any fundamental changes to its employee base or product portfolio. In addition, the headquarters in Eching near Munich will remain and the company will continue to build on the experienced team and its established portfolio of products and services. In total, NOVEXX Solutions starts with eleven locations worldwide.

With its portfolio NOVEXX Solutions supports its customers in food, pharma, personal care, chemicals, logistics and other industries.