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CCL Industries Announces Bolt on Transaction for CCL Label in Brazil

March 07, 2016 - CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, announced today that it has acquired the assets of Powerpress Rotulos & Etiquetas Adesivas LTDA ("Powerpress"), Brazil's leading producer of expanded content labels for agricultural chemical and pharmaceutical customers. Based in Sao Paolo, privately owned Powerpress had 2015 sales of approximately $6.5 million and an adjusted EBITDA of $2.5 million. Purchase price consideration is estimated at $10.25 million and is subject to certain customary completion adjustments.

Geoffrey T. Martin, President & CEO of CCL commented, "We have been in Brazil for 10 years where our CCL Label operation remains one of the best performing business units in the Company. Despite the changed economic climate in the country we believe now is a good time to make strategic investments to broaden our market presence. Powerpress will be immediately integrated into CCL Label Brazil led by Luis Jocionis, Vice President & Managing Director."

CCL Industries employs more than 13,000 people operating 122 production facilities in 31 countries on 6 continents with corporate offices in Toronto, Canada and Framingham, Massachusetts. CCL Label is the world's largest converter of pressure sensitive and extruded film materials for a wide range of decorative, instructional and functional applications for large global customers in the consumer packaging, healthcare & chemicals, consumer durable, electronic device & automotive markets. Extruded & laminated plastic tubes, folded instructional leaflets, precision decorated & die cut components, electronic displays and other complementary products and services are sold in parallel to specific end-use markets.

Avery is the world's largest supplier of labels, specialty converted media and software solutions to enable short-run digital printing in businesses and homes alongside complementary products sold through distributors and mass market retailers. CCL Containeris a leading producer of impact extruded aluminum aerosol cans and bottles for consumer packaged goods customers in the United States and Mexico. CCLpartly backward integrates into materials science with capabilities in polymer extrusion, adhesive development and coating, surface engineering and metallurgy that are deployed across all three business segments.

Source: CCL