Avery Dennison Corporation
Industry: Containers & Packaging

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, reflective highway safety products, automated retail tag and labeling systems, and specialty tapes and chemicals

Business Summary
Avery Dennison Corporation produces pressure-sensitive materials, office products, and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are converted into labels and other products through embossing, printing, stamping and die cutting, and some are sold in unconverted form as base materials, tapes and reflective sheeting. The Company also manufactures and sell a variety of office products, and other converted products and other items, such as binders, organizing systems, markers, fasteners, business forms, reflective highway safety products, as well as tickets, tags, and imprinting equipment for retail and apparel manufacturers. It has three operating segments: Pressure-sensitive Materials, Office and Consumer Products, and Retail Information Services. During the fiscal year ended January 1, 2005, it acquired Rinke Etiketten, a privately held company in Germany.

Financial Summary
AVY manufactures pressure-sensitive materials and specialty adhesives for labels, product identification and control systems, as well as office products and accessories. For the 6 months ended 7/2/05, net sales rose 8% to $2.76B. Net income rose 21% to $147.1M. Results reflect increased orders by several large customers in the Office and Consumer Products segment in advance of a price increase, and improved margins.