Avery Dennison to acquire Lion Brothers.

Avery Dennison, an adhesive manufacturing company, agreed to acquire Lion Brothers, a designer and manufacturer of apparel brand embellishments. Financial terms were not disclosed. "With the proposed acquisition of Lion Brothers, we continue to move forward as a leader in embellishments and apparel customization. Lion Brothers provides solutions that elevate apparel brands and create consumer connections. With a strong presence in North America's team sports segment and solutions for lifestyle, fashion and promotional apparel brands, Lion fits seamlessly with Embelex, our full-service, end-to-end portfolio for on-product branding, graphics and trims. The Lion acquisition will enable us to continue growing our global team sports presence, expand our product offerings, add to our European portfolio and deliver outstanding value for all stakeholders," Michael Barton, Avery Dennison Senior Vice President and General Manager.