Avery Dennison Announces Definitive Agreement to Sell Two Businesses to CCL Industries for $500 Million
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Avery Dennison Designed and Engineered Solutions manufacture custom pressure-sensitive labels and coated films for durable goods, electronics and specialty packaging. The business unit’s 2012 sales were approximately $180 million, with adjusted operating income of approximately $19 million. DES results are currently reported in Other specialty converting businesses, but will be reclassified as discontinued operations as of the first quarter.
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