Avery Dennison Announces Definitive Agreement to Sell Two Businesses to CCL Industries for $500 Million
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“This sale is consistent with our goal of maximizing the value of our businesses for Avery Dennison’s shareholders, and focusing on our industry-leading pressure-sensitive materials and retail branding and information solutions businesses,” said Dean A. Scarborough, Avery Dennison chairman, president and chief executive officer. “CCL is one of our largest customers, and we have a long-standing relationship with them. We are pleased that they will become the steward of the Avery brand for office products and augment their specialty converting portfolio through this transaction.”
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