CCL Industries to Buy Two Avery Dennison Units for $500 Million
A syndicate of banks has committed to provide debt financing to complete the deal, Toronto-based CCL Industries said today in a statement.
CCL Chief Executive Officer Geoffrey Martin said the acquisition is the largest in the company’s history and bolsters its labels offerings. The Avery Dennison units had combined revenue of $910 million last year, according to the statement.
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