# CCL Industries to acquire Nortec International for $9M

CCL Industries agreed to acquire Israel-based label and marking systems producer Nortec International for $9 million in cash and assumed debt, to be rebranded CCL Design Israel.

- Type: Acquisition
- Announced: 2018-05-24
- Where: Israel
- Value: $9.00M
- Status: announced
- Products: labels, marking systems
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [CCL Industries](https://endata.com/companies/611.md) (acquirer)
- [Nortec International](https://endata.com/companies/3321.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-ds-smith-ccl-industries-smurfit-kappa-group/), 2018-05-24: "CCL Industries has entered an agreement to acquire Nortec International for $9m in cash and assumed debt."

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