Avery Dennison gets OK for acquisition

US, California-based Avery Dennison Corporation announced at the beginning of May that the German Federal Cartel Office has issued a ruling clearing Avery Dennison“s previously announced acquisition …

US, California-based Avery Dennison Corporation announced at the beginning of May that the German Federal Cartel 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 the acquisition of Jackstadt during the current quarter. Avery Dennison announced a definitive agreement to acquire Jackstadt“s pressure-sensitive adhesive materials business on 7 September 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.