Avery and Bemis in anticompetitive investigation

Avery Dennison Corporation and Bemis Company Inc. have both confirmed that officials from the European Commission and relevant national competition authorities have visited and obtained documents from their European facilities. Avery Dennison has facilities in the Netherlands and Germany, whilst Bemis has a pressure sensitive materials operation in Belgium.

The investigation appears to relate to alleged anticompetitive activities in the European paper and forestry products industry, including the adhesive label stock market. Both Avery Dennison and Bemis are cooperating fully with the investigation.