Non-Paper Containers / Packaging
Avery Dennison Corp Completes Sale Of Two Businesses To CCL Industries Inc
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.
Bemis Company Inc Acquires China-Based Specialty Film Platform
Bemis Company Inc announced that has acquired all of the common stock of Foshan New Changsheng Plastics Films Co., LTD (NCS), a specialty film manufacturer located in Foshan, China. Details of the transaction were not disclosed. This transaction is not expected to impact Bemis earnings per share guidance for 2013. Further terms of the Transaction were not disclosed.
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Analyst Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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