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3M to Buy Office & Consumer Products Business of Avery Dennison

3M, Avery Dennison Terminate Acquisition Agreement

3M (NYSE: MMM), St. Paul, MN, and Avery Dennison Corp. (NYSE: AVY), Pasadena, CA, have terminated the definitive agreement under which 3M would have purchased Avery Dennison’s Office and Consumer Products business.

"While we are disappointed with this turn of events, we remain focused, as always, on investing in product innovation and providing our customers with a broad range of premier products," said Jesse Singh, vice president and general manager, 3M Stationery and Office Supplies Division.

Avery Dennison will continue to pursue a divestiture of the Office and Consumer Products business, according to a release from the company.

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