This Slide: #7 of 11 |
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 »
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