Weil is advising American Securities and its portfolio company Meridian Adhesives Group in the sale of Meridian’s U.S.-based flooring adhesives business to Avery Dennison Corporation for the purchase price of $390 million.

Upon completion of the transaction, the flooring adhesives business will become part of the Avery Dennison Materials Group business. The Meridian flooring adhesives business includes Taylor Adhesives, Polycom and Frontier Products’ brands.

The Weil team is led by Mergers & Acquisitions Co-Head Michael Lubowitz and Private Equity partner Ryan Taylor and includes Mergers & Acquisitions associates Jason Klig, Brendan Spagnuolo and Blake Oglensky; Private Equity associates Caitlin Haefner and Andrew Distell; Antitrust partner John Scribner, counsel Michael Naughton and Dan Nobil and associate Katie Rider; Banking & Finance Co-Head Andrew Colao and associates Angela Estrada and Ryan Johnson; Environmental Head Annemargaret Connolly, partner Seth Kerschner and associate Caleb Holland; Executive Compensation & Benefits partner Amanda Rotkel and associate Amanda Nowak; Tax partner Jonathan Macke and associate Griffin Baker; Technology & IP Transactions partner Kane Wishart and associates Jeeyoon Chung and Colleen Seidel; Employment partner Rebecca Sivitz and associate Heylee Bernstein; Real Estate attorney Leslie Smith and associate Ilana Bier; and Regulatory Transactions partner Timothy Welch and associate Sisi Liu.