Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Closing Date for Treofan Americas Acquisition

Purchase price net of cash and debt assumed at approximately $255 million for the business, $35 million for capital costs.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. confirmed it has received regulatory approvals in the US and Mexico for the previously announced acquisition of Treofan America Inc. and Trespaphan Mexico Holdings GmbH (collectively Treofan Americas). The closing date has been set by the terms of the Purchase & Sale Agreement for July 2, 2018, with a purchase price net of cash and debt assumed of approximately $255 million for the business plus an estimated $35 million for the capital cost incurred at close for a new sta...

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