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CCL Industries Inc Signs Agreement To Acquire Avery Dennison Label Converting Business For $500 Million

Wednesday, 30 Jan 2013 07:30am EST 

CCL Industries Inc announced that it has signed a binding agreement to acquire the Office & Consumer Products and Designed & Engineered Solutions businesses of Avery Dennison on a debt free basis for $500 million cash subject to customary closing adjustments. A syndicate of banks has committed to provide debt financing to close the transaction. The transaction requires regulatory approval but subject to that is expected to close by mid-2013. 

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0.26 +0.24%
24 Jul 2014