February 6, 2017 / 9:36 AM / 6 months ago

BRIEF-Avery Dennison to acquire Yongle Tape Company

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Feb 6 (Reuters) - Avery Dennison Corp

* Avery Dennison to acquire Yongle Tape Company Ltd.

* Yongle Tape will be acquired from company's management and private equity firm shawkwei & partners for purchase price of $190 million

* Additional earnouts of up to $55 million to be paid based on achievement of certain performance targets over next two years

* Expects acquisition to have an immaterial impact on earnings per share in 2017

* Will fund acquisition with existing cash and credit facilities

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