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Agrees to acquire the Office & Consumer Products, Designed & Engineered Solutions businesses
January 30, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
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. The two businesses had combined revenues of approximately $910 million with an estimated adjusted EBITDA of $110 million in the calendar year of 2012. The transaction requires regulatory approval but subject to that is expected...
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