CCL Industries Inc. (TSX:CCL.B) acquired Lux Global Label Asia Pte. Ltd. on May 3, 2021. The estimated purchase price is expected to be CAD 9.4 million. LUX will immediately move to trade as CCL Label Singapore. For twelve months ending March 31, 2021, Lux Global Label Asia reported sales of CAD 9.2 million and EBITDA of CAD 1 million. Bill Stewart and David Longstaff of Jones Day acted as legal advisor to Lux Global Label Asia Pte. Ltd. CCL Industries Inc. (TSX:CCL.B) completed the acquisition of Lux Global Label Asia Pte. Ltd. for CAD 9.4 million on May 3, 2021. The consideration of CAD 9.4 million is net of cash.