Industry News, Mergers and Acquisitions, Printers News

CCL Industries Completes Acquisition of 100% of Middle East Venture

Sales for the first four months of 2024 were approximately $34 million with $14 million of adjusted EBITDA.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced it has completed the acquisition of the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (PCCL), from its partner, Albwardy Investment LLC, headquartered in Dubai. PCCL, headquartered at its Dubai manufacturing facility in the United Arab Emirates, also operates label production facilities in Oman, Egypt, Saudi Arabia and Pakistan. Sales for the first four months of 2024 were approximately $34 million with $14 million of adjusted EBITDA....

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