Terry L. Hemmelgarn, newly named group vice president of Retail Information Services, will head the combined RIS Group. Hemmelgarn's management team will consist of members of both Paxar's and RIS' leadership groups.
The purchase of Paxar has been initially funded through the commercial paper market, supported by a bridge facility arranged by JPMorgan Chase Bank, N.A. The Company remains committed to retaining a strong investment grade credit rating and to returning its financial ratios to target levels.
The Company will work with JPMorgan Chase Bank, N.A, as arranger, and with the rating agencies to complete the permanent financing in the coming months.
Avery Dennison Corporation
marketing@alchempro.com
