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Avery International Corp.: The Pasadena firm said...

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From Times Staff and Wire Reports

Avery International Corp.: The Pasadena firm said second-quarter profit fell 12% to $21.1 million. Sales totaled $470 million, up 5% from the same period a year ago. The company, which makes self-adhesive base materials, labels and tapes, said profit was affected by market development costs in the European materials business and the slowdown in the U.S. retail department store market.

Tables, D8

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