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Pacman-CCL JV to acquire a 70% stake in privately owned Super Label Mfg. Co.
February 3, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. announced that the Pacman-CCL joint venture, headquartered in Dubai, has signed a binding agreement to acquire a 70% stake in privately owned Super Label Mfg. Co., based in Mumbai, India. Super Label focuses on pressure sensitive labels for large consumer products and healthcare customers with operations in India. Pacman-CCL will invest $3.75 million in the venture to acquire its stake, reduce debt and provide funding for future expansion. Closing is subject to customary ...
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