Avery Dennison Corporation (NYSE:AVY) is looking for M&A opportunities. Mitchell Butier, Chairman, President and Chief Executive Officer said, "so we continue to -- we have an M&A pipeline that we've talked about. We continue to engage and work with that with our partners in the industry.

So that's something that we are definitely continuing to work through. And as far as specifically the LGM, yes, LGM, each of our divisions have a pipeline that we continue to work and we definitely have an appetite for areas that -- we look at M&A as opportunities to accelerate our strategy. So we're focused on M&A that is disproportionately focused on high-value categories and give us new capabilities that, as you mentioned, can enhance the overall capabilities of the portfolio".