CCL Industries to acquire Innovia Group for $1.13 billion

CCL Industries has agreed to acquire the Innovia Group, a producer of BOPP films, from a UK consortium managed by The Smithfield Group for about $1.13 billion, debt free. Closing is expected by the end of Q1 2017.

“CCL Industries Inc. announced today that it has entered into a definitive agreement to acquire the Innovia Group of companies for approximately $1.13 billion, debt free.”globenewswire.com

• 1 source
• globenewswire.comCCL Industries to Acquire Innovia for $1.13 BillionDec 19, 2016

Summarized from public sources; check the original articles before acting on it.