CCL Industries Inc. (TSX:CCL.B) agreed to acquire Desarrollo e Investigación S.A. de C.V./Fuzetouch PTE LTD (Singapore) for approximately $50.7 million on October 1, 2021. The acquisitions will be asset transactions including an equity interest in a related maquiladora with a combined valuation, net of cash and debt, of approximately $50.7 million, subject to customary closing adjustments. The new business will then trade as CCL Design. For the twelve months ending December 31, 2020, consolidated sales of Desarrollo e Investigación S.A. de C.V. and Fuzetouch PTE LTD (Singapore) were $31.3 million. Closing is planned before the end of 2021.