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AVY » Topics » We have acquired companies and may continue to acquire other companies. Acquisitions come with significant risks and uncertainties, including those related to integration, technology and personnel.This excerpt taken from the AVY 10-K filed Feb 25, 2009. We have
acquired companies and may continue to acquire other companies.
Acquisitions come with significant risks and uncertainties,
including those related to integration, technology and
personnel.
In order to grow our product lines and expand into new markets,
we have made acquisitions and may do so in the future. For
example, we acquired DM Label and Paxar in 2008 and 2007,
respectively. Various risks, uncertainties, and costs are
associated with the acquisitions. Effective integration of
systems, controls, objectives, personnel, product lines,
markets, customers, suppliers, production facilities and cost
savings can be difficult to achieve and the results are
uncertain, particularly across our geographically dispersed
organization. We may not be able to retain key personnel of an
acquired company and we may not be able to successfully execute
integration strategies or achieve projected performance targets
set for the business segment into which an acquired company is
integrated. Both prior to and after the closing of the
transactions, our business and those of the acquired company or
companies may suffer due to uncertainty or diversion of
management attention.
There can be no assurance that acquisitions will be successful
and contribute to our profitability and we may not be able to
identify new acquisition opportunities in the future.
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