Avery Dennison Confirms Investigation of Paper and Forest Products Industry by European Regulators.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--May 25, 2004 Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corporation (NYSE NYSE See: New York Stock Exchange :AVY) confirmed that officials from the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community and relevant national competition authorities today visited and obtained documents from the Company's pressure-sensitive materials facilities in the Netherlands and Germany. The investigation appears to relate to alleged anticompetitive an·ti·com·pet·i·tive adj. That discourages competition among businesses: anticompetitive foreign trade restrictions. activities in the European paper and forestry products industry, including the adhesive label An adhesive label is a small piece of paper designed to be affixed to another larger piece of paper or other object, typically by the action of a layer of adhesive on the back of the label. stock market. Based on published press reports, other paper and forestry products companies received similar visits today from European authorities. Avery Dennison is cooperating fully with the investigation. Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the Company had 2003 sales of $4.8 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products and graphics imaging media, Fasson-brand self-adhesive materials, peel-and-stick postage stamps, reflective highway safety products, automated retail tag and labeling systems, and specialty tapes and polymers. |
|
|||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion