ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) and Avery Dennison Corp. (NYSE:AVY) have terminated the
definitive agreement under which 3M would have purchased Avery
Dennison’s Office and Consumer Products business, the two companies
announced today.
“While we are disappointed with this turn of events, we remain focused,
as always, on investing in product innovation and providing our
customers with a broad range of premier products,” said Jesse Singh,
vice president and general manager, 3M Stationery and Office Supplies
Division.
About 3M
3M captures the spark of new ideas and transforms them into thousands of
ingenious products. Our culture of creative collaboration inspires a
never-ending stream of powerful technologies that make life better. 3M
is the innovation company that never stops inventing. With $30 billion
in sales, 3M employs 84,000 people worldwide and has operations in more
than 65 countries. For more information, visit www.3M.com
or follow @3MNews on Twitter.
