# CCL Industries to acquire remaining 50% of Pacman-CCL from Albwardy

CCL Industries signed a binding agreement to acquire the remaining 50% stake in its Middle East joint venture Pacman-CCL from partner Albwardy Investment, with closing expected in summer 2024.

- Type: Acquisition
- Announced: 2024-05-13
- Where: United Arab Emirates, Oman, Egypt, Saudi Arabia and Pakistan
- Status: announced
- Products: specialty labels, security and packaging solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [CCL Industries](https://endata.com/companies/611.md) (acquirer)
- [Pacman-CCL](https://endata.com/companies/917.md) (target)
- [Albwardy Investment](https://endata.com/companies/11851.md) (partner)

## Sources

- [newswire.com](https://www.newswire.com/news/ccl-industries-signs-agreement-to-acquire-100-of-middle-east-venture), 2024-05-13: "announced today it has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL"
- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/ccl-industries-signs-agreement-to-acquire-100-of-middle-east-venture-862059), 2024-05-13: "announced today it has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.