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Avery Dennison Completes Sale of European Package Label Operations

Press release from the issuing company

PASADENA, Calif.--Oct. 2, 2003-- Avery Dennison Corporation today announced that it has completed the sale of its package label converting business in Europe, as previously announced on July 22, 2003, to CCL Industries Inc., a label and packaging solutions company based in Toronto, Canada. The transaction involves the sale of two label converting facilities in Denmark and one in France.