Avery Dennison Obtains Clearance From Regulators in Germany for Jackstadt Acquisition; Company Expects to Finalize Transaction During Current Quarter.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--May 2, 2002 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) today announced that the German Federal Cartel cartel (kärtĕl`), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms. Office has issued a ruling clearing Avery Dennison's previously announced acquisition of Jackstadt GmbH. Avery Dennison is proceeding to complete the transaction, which remains subject to satisfaction of other closing conditions. The Company stated that it expects to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... the acquisition of Jackstadt during the current quarter. Avery Dennison announced a definitive agreement to acquire Jackstadt's pressure-sensitive adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. materials business on September 7, 2001. Jackstadt, based in Wuppertal, Germany, is the world's largest privately-held manufacturer of self-adhesive materials. The company operates 10 manufacturing facilities worldwide, serving customers through subsidiaries in 20 countries. 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 2001 sales of $3.8 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain information presented in this news release may constitute "forward-looking" statements. These statements are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or expected results depending on a variety of factors, including but not limited to price and availability of raw materials, foreign exchange rates, worldwide and local economic conditions, financial condition and inventory strategies of customers, acceptance of new products, fluctuations in demand affecting sales to customers and other matters referred to in the Company's SEC filings. |
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