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Article: Avery Dennison announces the sale of four label plant operations and a machinery application business serving the personal care, health care and beauty care markets.
- Article from:
- Business Wire
- Article date:
- November 8, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Corp. (NYSE/PSE:AVY), a global producer of pressure-sensitive materials, office products and converted products, Wednesday announced that it has signed a definitive agreement to sell part of its North American pressure-sensitive label printing and label application machinery operations to CCL Industries Inc., a major North American consumer goods packaging company.
The businesses being sold had revenues of approximately $70 million in 1994, and serve the U.S. personal care, health care and beauty care markets. Manufacturing plants affected by the sale are located in Monrovia, Calif.; Cincinnati; Rexdale, Ontario; and Mexico City.
Closing is anticipated before ...