Story: Avery Dennison To Shutter Facility In Greensboro, N.C.

Pasadena, Calif.-primarily based Avery Dennison Corp. — a producer of identification and decorative remedies
for a variety of apps — has announced programs to shutter its Summit Voie production
facility in Greensboro, N.Do., eliminating 59 work opportunities. The firm reviews it is reorganizing its U.S.
functions in an work to much more effectively serve its international consumers. The facility is element of
Avery Dennison’s Retail Branding and Data Solutions (RBIS) company and manufactures graphic
tickets and apparel tags.

Approximately 78 personnel from the facility will be relocated to Avery Dennison’s 16th
Road facility in Greensboro, exactly where the firm ideas to work a fast-response production
facility for price tag tickets and printed fabric labels to serve U.S. retailers and apparel brand names. A
total of 130 individuals in operations, business, customer services and other capabilities will be
employed at the sixteenth Road location.

In other company reports, Avery Dennison has signed an settlement to market its Office and Buyer
Merchandise (OCP) company to St. Paul, Minn.-based mostly 3M for $ 550 million. The business’s OCP business is
between the primary suppliers globally of printable media and other products with predicted revenue in
2011 of around $ 765 million.

“The sale of our Workplace and Client Items business to 3M presents the greatest possibility to
optimize OCP’s worth for Avery Dennison’s shareholders, and complements 3M’s global portfolio,”
mentioned Dean A. Scarborough, chairman, president and CEO, Avery Dennison. “Our sector-top
Stress-sensitive Supplies and Retail Branding and Info Solutions organizations, combined
with our strong harmony sheet, make us well positioned for rewarding progress and enhanced return
of cash to shareholders.”

Défi couleur du groupe Chiyogami Monday www.flickr.com/teams/chiyogami/