TORONTO, ON / ACCESSWIRE / May 13, 2024 / CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) (“the Company”), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today it has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (“PCCL”), from its partner, Albwardy Investment LLC headquartered in Dubai. PCCL operates manufacturing facilities in the United Arab Emirates, Oman, Egypt, Saudi Arabia and Pakistan. The transaction is expected to close this summer, subject to local regulatory procedures in the jurisdictions. Financial highlights of the transaction will be announced upon closing.
Forward-looking Statements