M&A - Avery Dennison Corp

Form Type: 11-K

Filing Date: 2025-06-16

Corporate Action: Acquisition

Type: New

Accession Number: 000000881825000030

Filing Summary: This document serves as the annual report for the Avery Dennison Corporation Employee Savings Plan, covering the fiscal year ending December 31, 2024. The report includes financial statements audited by independent public accounting firms, detailing the net assets available for benefits and changes thereof. The Plan, a defined contribution plan under ERISA, accommodates eligible employees of Avery Dennison Corporation. Notably, the report highlights the acquisition of LG Group, Inc. (Lion Brothers), completed on May 22, 2023, leading to a merger involving the transfer of assets to the Plan from Lion Brothers' 401(k) plan. Financials show total assets available for benefits at $1,363.6 million, with various income sources contributing to a net increase in assets. Management emphasizes compliance with accounting principles and presents a fair view of the Plan's financial situation. The document also outlines participant contributions, company matching policies, and details regarding the Master Trust involving multiple plans, including the associated risks and valuation methods for investments.