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Avery Dennison Acquires DM Label Group

Wednesday, April 02, 2008

Press release from the issuing company

Tuesday April 1, 2008 - PASADENA, Calif. - Avery Dennison Corporation announced today the acquisition of DM Label Group, a manufacturer of high-quality woven labels with manufacturing facilities in six countries. DM Label Group is headquartered in Taipei, Taiwan.

"The acquisition of DM Label Group reflects our commitment to providing the best, quickest and most consistent service to our customers, wherever they are located around the world," said Dean A. Scarborough, president and chief executive officer of Avery Dennison. "The DM Label Group strengthens our woven label product line and reinforces our presence in Asia, a major sourcing area for the global apparel, retail branding and marking industry."

The acquisition of DM Label Group complements Avery Dennison's acquisition and integration of Paxar into its Retail Information Services (RIS) group last year. RIS is a global leader in providing brand identification and supply chain management solutions primarily for manufacturers and retailers, including tag and label design and printing; inventory and shipment tracking; and data management systems.

"We have had a long and productive relationship with Avery Dennison," said James Hsu, president and chief executive officer of DM Label Group. "Now as part of Avery Dennison, we have the opportunity to offer customers an increased product range and the global scale, local presence and resources to help retailers, brand owners and factories meet their business goals."

"The DM Label Group acquisition and its expanded woven label product line enhances our ability to create superior value for our customers and provide increased speed and responsiveness in delivering products and services to our customers," says Terry Hemmelgarn, group vice president of Avery Dennison's Retail Information Services Group.

Founded in 1960 by the Hsu family, DM Label Group has 11 manufacturing facilities in six countries, including China, Vietnam, Malaysia, Indonesia, Taiwan and the United States. Its core products include woven labels, printed labels, accessory tapes, hang tags, heat transfer labels and "skin touch" fabric ribbon tape. Hsu will serve as a vice president and general manager, reporting to Terry Hemmelgarn. Terms of the transaction were not disclosed.




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