Former Avery Dennison business line Industrial Print & Apply (IPA) now an independent company.
Effective June 01, 2015, NOVEXX Solutions enters the market as a new and yet globally recognized supplier of industrial identification and labeling 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 June 1st, 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, summarizing 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”, says 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 Headquarter 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 the following industries:
- Personal Care
- Other industries
About NOVEXX Solutions GmbH
NOVEXX Solutions stands for outstanding products and integrated solutions when it comes to industrial labeling and identification along the supply chain. As a former division of Avery Dennison, NOVEXX Solutions combines 50 years of top-class expertise from a global player with the straightforward flexibility of a powerful mid-size enterprise. The product and service portfolio of NOVEXX Solutions includes hardware and software solutions, high-quality consumables, and professional on-site service. NOVEXX Solutions operates in eleven locations across three continents.
Managed by the holding company L. Possehl & Co. mbH, the Possehl Group is a diversified group currently with eight independently operating divisions organized within a decentralized structure. The Possehl Group is comprised of L. Possehl & Co. mbH and over 150 subsidiaries in more than 30 countries. In the 2014 fiscal year, the Group generated sales of around € 3.2 billion. At present, Possehl has more than 12,000 employees around the world.
The Company was established in Lübeck by Ludwig Possehl in 1847 for local trading in iron goods. The non-profit foundation Possehl-Stiftung has been the sole shareholder since 1919. The corporate structure enables the Possehl Group to remain independent and lays the foundations for long-term corporate decisions.
Please contact us for further information.