OTHER NEWS - Nov. 9, 1995
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Avery Dennison to Sell Units: Pasadena-based Avery Dennison Corp., a global producer of pressure-sensitive materials, office products and converted products, 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 about $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; Cincinnati; Rexdale, Canada, and Mexico City. Closing is anticipated before year-end, subject to customary conditions, including expiration or early termination of the Hart-Scott-Rodino waiting period.
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