Avery enhances growth potential in untapped markets, including Asia
23 Mar '07
3 min read
"Combining with Avery Dennison provides substantial benefits to our customers while delivering compelling value to Paxar shareholders," added Rob van der Merwe, chairman, president and chief executive officer of Paxar Corporation.
"In particular, the broader capabilities of the combined Company will better meet customer demands for improved quality, product innovation and speed of delivery. Although we understand that some jobs will be affected through the integration of our businesses, employees of the combined Company will have expanded opportunities as part of a larger organization."
Customer Benefits: In this evolving marketplace, it is increasingly important to be close to the local manufacturing clusters, the two companies said. With their complementary geographic footprints, in particular with Paxar's greater focus on Europe, the acquisition improves the combined Company's ability to serve customers in Europe, Latin America, the Middle East and Asia.
"Lower-cost production - and higher levels of quality and speed of delivery - will be crucial for winning against the local and regional competition we face at the buying office and factory levels," said Mr. Scarborough. "This combination will benefit the factories that purchase our tickets and tags as well as the retailers and the brand owners they supply."
marketing@alchempro.com
