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Avery Dennison Corp Completes Sale Of Two Businesses To CCL Industries Inc

Monday, 1 Jul 2013 11:30am EDT 

Avery Dennison Corp announced that it has completed the sale of its Office and Consumer Products and Designed and Engineered Solutions businesses to CCL Industries Inc for $500 million, subject to customary closing adjustments expected to be finalized during the third quarter. Avery Dennison continues to expect net proceeds from the sale of approximately $400 million, and intends to use them to repurchase shares and make an additional pension plan contribution. 

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