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Polysack signed an agreement of distribution with Avery Dennison  



2009-07-29

Polysack signed an agreement of cooperation with the American company Avery Dennison, a Fortune 500 company based in California.
Avery Dennison will be the exclusive distributor of Polysack's flexible packaging products in United States, Canada, Mexico, Australia and New Zealand.

Avery Dennison will acquire products from Polysack and will distribute them to the customers in the states stipulated in the agreement. The agreement was signed for the period of two years, renewable for an additional year upon agreement between the sides. According to the agreement, the sales target for the first year is 1000 tons and about 2,000 tons during the second one.

Avery Dennison is one of the biggest companies in the world in the field of technological solutions for packaging of consumer goods. The company is traded in the New York stock exchange, and is valued in 3.3 billion dollar, with revenues of 6.7 billion dollars during 2008 and 266 million dollars profits