|March 20, 2017||Avery Dennison Names Gregory S. Lovins Vice President and Interim Chief Financial Officer|
|GLENDALE, Calif.--(BUSINESS WIRE)--Mar. 20, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced that its board of
directors has elected Gregory S. Lovins as vice president and interim
chief financial officer, effective immediately.
As interim CFO, Mr. Lovins will lead the company’s finance function,
including audit, financial reporting, investor relations, financial
planning and analysis, tax and treasury. He will also oversee the
|March 02, 2017||Avery Dennison Completes Hanita Coatings Acquisition|
|GLENDALE, Calif.--(BUSINESS WIRE)--Mar. 2, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced it has completed
the acquisition of Hanita Coatings, a pressure-sensitive materials
manufacturer of specialty films and laminates, from Kibbutz Hanita and
Tene Investment Funds.
Headquartered in northern Israel with sales and distribution facilities
in the United States, Germany, China and Australia, Hanita develops and
manufactures coat... |
|February 24, 2017||Avery Dennison Prices €500 Million Senior Notes Offering|
|GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 24, 2017--
Avery Dennison Corporation (NYSE: AVY) announced today that it has
priced an underwritten public offering of €500,000,000 aggregate
principal amount of 1.250% Senior Notes due 2025. The Senior Notes were
priced at 99.917% of their principal amount. The offering is expected to
close on March 3, 2017, subject to customary closing conditions.
Avery Dennison intends to use approximately €200 million ... |
|February 06, 2017||Avery Dennison to Acquire Yongle Tape Company Ltd.|
|Chinese manufacturer of high-value industrial tapes is key
supplier to global automotive industry
GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 6, 2017--
Avery Dennison (NYSE:AVY) today announced it has agreed to acquire
Yongle Tape Company Ltd., a manufacturer of specialty tapes and related
products used in a variety of industrial markets, including the global
automotive industry. Yongle Tape will be acquired from the company’s
management and priva... |
| Investor Relations Contact Information|
|Avery Dennison Corporation|
207 Goode Avenue
Glendale, CA 91203
Phone: (626) 304-2000
Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but are not limited to, risks and uncertainties relating to the following: fluctuations in demand affecting sales to customers; worldwide and local economic conditions; changes in political conditions; changes in governmental laws and regulations; fluctuations in currency exchange rates and other risks associated with foreign operations, including in emerging markets; the financial condition and inventory strategies of customers; changes in customer preferences; fluctuations in cost and availability of raw materials; our ability to generate sustained productivity improvement; our ability to achieve and sustain targeted cost reductions; the impact of competitive products and pricing; loss of significant contracts or customers; collection of receivables from customers; selling prices; business mix shift; execution and integration of acquisitions and completion of potential dispositions; timely development and market acceptance of new products, including sustainable or sustainably-sourced products; investment in development activities and new production facilities; amounts of future dividends and share repurchases; customer and supplier concentrations; successful implementation of new manufacturing technologies and installation of manufacturing equipment; disruptions in information technology systems, including cyber-attacks or other intrusions to network security; successful installation of new or upgraded information technology systems; data security breaches; volatility of financial markets; impairment of capitalized assets, including goodwill and other intangibles; credit risks; our ability to obtain adequate financing arrangements and maintain access to capital; fluctuations in interest and tax rates; changes in tax laws and regulations, and uncertainties associated with interpretations of such laws and regulations; outcome of tax audits; fluctuations in pension, insurance, and employee benefit costs; the impact of legal and regulatory proceedings, including with respect to environmental, health and safety; protection and infringement of intellectual property; the impact of epidemiological events on the economy and our customers and suppliers; acts of war, terrorism, and natural disasters; and other factors.
We believe that the most significant risk factors that could affect our financial performance in the near-term include: (1) the impacts of global economic conditions and political uncertainty on underlying demand for our products and foreign currency fluctuations; (2) competitors' actions, including pricing, expansion in key markets, and product offerings; (3) the degree to which higher costs can be offset with productivity measures and/or passed on to customers through selling price increases, without a significant loss of volume; and (4) the execution and integration of acquisitions.
For a more detailed discussion of these and other factors, see “Risk Factors” and “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in our 2016 Form 10-K, filed on February 23, 2017 with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document, and we undertake no obligation to update these statements to reflect subsequent events or circumstances, other than as may be required by law.
Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.