News

Avery Dennison acquires Paxar

29/03/2007

It expects annual cost savings of approximately $90 to $100 million, with similar infrastructure enabling the elimination of redundant production costs and reductions in selling, general and administrative expenses, including corporate overhead and back office support. It currently estimates that the acquisition will involve integration costs, including restructuring and asset impairment charges, ranging from $100 to $125 million, plus information technology (IT) integration costs and other IT investments of at least $50 million.

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