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Office Supplies M&A image Office Supplies M&A » By The Online Investor Staff, updated Sun., May. 26, 6:58 AM Recent mergers and acquisitions in the Office Supplies M&A category.

Slide #7. CCL Industries Inc. Avery Dennison Corporation's Office and Consumer Products (OCP) and Designed and Engineered Solutions (DES) businesses

Acquirer: CCL Industries Inc. (CCL.A.CA)
Acquiree: Avery Dennison Corporation's Office and Consumer Products (OCP) and Designed and Engineered Solutions (DES) businesses (AVY)
Details: Avery Dennison Corporation (NYSE:AVY) today announced that it has signed a definitive agreement to sell its Office and Consumer Products (OCP) and Designed and Engineered Solutions (DES) businesses to CCL Industries Inc. (TSX:CCL.A.CA)(TSX:CCL.B.CA), a global leader in specialty packaging solutions, for $500 million in cash. The transaction is subject to customary closing conditions, adjustments and regulatory approvals, and is expected to be completed in mid-2013.

CCL Industries in primarily involved in the manufacture of labels, containers and consumer printable media products. Co. has three reportable segments: Label, which includes the production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications; Avery, which includes the manufacturing and selling of various consumer products, including labels, binders, dividers, sheet protectors and writing instruments; and Container, which includes the manufacturing of specialty containers, with key product line is recyclable aluminum aerosol cans and bottles.

Open the CCL.A.CA Page at The Online Investor »

CCL Industries in primarily involved in the manufacture of labels, containers and consumer printable media products. Co. has three reportable segments: Label, which includes the production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications; Avery, which includes the manufacturing and selling of various consumer products, including labels, binders, dividers, sheet protectors and writing instruments; and Container, which includes the manufacturing of specialty containers, with key product line is recyclable aluminum aerosol cans and bottles.

Open the AVY Page at The Online Investor »

Company Name: 
CCL Industries Inc
Website: 
www.cclind.com
Sector: 
Packaging & Containers
Company Name: 
Avery Dennison Corp
Website: 
www.averydennison.com
Sector: 
Packaging & Containers
Number of ETFs Holding AVY: 
94
Total Market Value Held by ETFs: 
$1.23B
Total Market Capitalization: 
$8.49B
% of Market Cap. Held by ETFs: 
14.50%
 

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