On the innovation comment, I just hope they avoid the knee-jerk mistake of dropping prices to gain volume. Because in a company that has as many resources as AVY does, that's the sign of a company that is willing to risk causing a price war instead of innovating their way out of the problem. That is, it's a sign of poor management.
I'm not suggesting they'll do that, but it's a textbook mistake that many companies do make when they don't know what else to do.
Does anyone know the status of AVY selling OPG to 3M? Does anyone think 3M will retain the Avery brand or rename them as 3M products? Both brands are well recognized on retail shelves. I still have a few shares of AVY just to get their annual report; sadly, I recognize only a few names, and I was consulting up until a couple of years ago. Here's hoping that people at the Miller Corp Headquarters come up with an idea on how to re-energize the once innovative company.
When I was with Fasson, OPG was their largest customer by far ... with sales at least twice as much as any other customer. The majority of the product was for laser and inkjet label material. I assume that even now OPG would be among the top 5 Fasson customers.
Most of the questions were about AVY selling the label businesses; OPG offers little in what I would consider as labels. 3M buying OPG doesn't seem too off the wall; there is little overlap between the consumer products they offer, and 3M already has the distrubution channels in place. It has been many years since OPG had production in the US as most of the labor went to Tijuana and Juarez.