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CCL Industries Corp. 161 Worcester Road Suite 603 Framingham, MA 01701 U.S.A.

CCL Industries to Acquire Innovia for $1.13 Billion

Geoffrey T. Martin, President and Chief Executive Officer of CCL, said, "This transaction is another transformative acquisition for CCL, propelling the Company to world leadership in the disruptive, fast growing polymer banknote market while strengthening our depth in the materials science arena with proprietary BOPP films technology for the label, packaging and security sectors. We expect to find significant operational, customer and product innovation growth opportunities between Innovia and our end use facing businesses at CCL Label, CCL Design, Checkpoint and Avery. We are very pleased to welcome Innovia's deeply experienced industry people to our Company and look forward to an exciting future together."
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CCL Industries to Acquire Innovia for $1.13 Billion

CCL Industries to Acquire Innovia for $1.13 Billion

TORONTO, ON–(Marketwired – December 19, 2016) – CCL Industries Inc. (TSX: CCL.A) (TSX: CCL.B)

  • Highly strategic opportunity
    • Leading, specialty, global producer of co-extruded, Bi-axially Oriented Polypropylene (“BOPP”) films for labels, packaging & security applications
    • Unique capability for polymer banknotes significantly expands CCL’s security products, customers, markets and technologies
    • Proprietary technology and strong intellectual property portfolio based on scale in R&D drives margin profile
  • Enterprise value of $1.13 billion1
  • 2017 sales forecast at $570 million with estimated EBITDA of $155 million
  • Integration expense estimated at approximately $5 million
  • Meaningful earnings accretion

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