Industry News

CCL Industries Completes Avery Dennison Label Converting & Consumer Products Acquisition

Announces leadership and segment reporting structure

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. confirmed that it has completed the acquisition of Avery Dennison’s Office & Consumer Products (OCP) and Designed & Engineered Solutions (DES) businesses previously announced on Jan. 30, 2013, for a debt-free cash purchase price of US$500 million, subject to customary post-closing adjustments to be finalized during the third quarter. The OCP business will cease to use its former Avery Dennison divisional identity and trade with immediate effect simply as Aver...

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