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Selling its Office and Consumer Products (OCP), Designed and Engineered Solutions (DES) businesses
January 30, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Avery Dennison Corporation 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. 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. “This sale is consistent with our goal of maximizing the value of our businesses for Avery Dennison’s shareholders, and focu...
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