US-based provider of pressure-sensitive labelling materials and retail tag, ticketing and branding systems Avery Dennison Corporation has completed its acquisition of Paxar Corporation, for $30.50 per share in a cash transaction valued at approximately $1.34 billion.

Commenting on the deal president and chief executive officer of Avery Dennison, Dean Scarborough, said, “The combination with Paxar expands our presence in the growing retail and brand identification market, enabling us to provide better products and services to our customers and allowing us to more quickly tap into new segments of the market—including retailers serving local customers in emerging markets such as China and India.”