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Avery Dennison to lift Jackstadt

The all-cash transaction is expected to add growth to Avery Dennison earnings by the second year after the transaction closes. Other terms of the transaction were not disclosed, pending completion of the acquisition.

The transaction is subject to a number of closing conditions, including regulatory approvals at national level, and is expected to close during the fourth quarter of this year.

During this time, the two companies will continue to operate independently.