CCL Completes Acquisiton



Toronto - CCL Industries Inc. (“CCL” or “the Company”), a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers, confirmed today that it completed the acquisition of the Innovia Group of companies (“Innovia”) previously announced on December 19, 2016, for an all-cash enterprise value of approximately $1.14 billion, net of estimated cash on close of $43.0 million.
Geoffrey T. Martin, President and Chief Executive Officer of CCL, said, “We are extremely pleased to welcome the employees of the Innovia Group of companies to the CCL family.”