Avery Dennison Corporation (AVY)
today 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. (CCL-A.TO)(CCL-B.TO), a global leader in
specialty packaging solutions, 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.
