CCL Industries Inc. (TSX:CCL.B) signed a binding agreement to acquire Adelbras Indústria e Comércio de Adesivos Ltda and Amazon Tape Indústria e Comércio de Fitas Adesivas Ltda for approximately $160 million on April 4,2022. As per the terms the transaction is debt free cash consideration. Fiscal 2021 sales were $105.2 million. The Adelbras team will join CCL. The new business will be headed by Luis Jocionis, Group Vice President CCL Industries South America. The transaction closing is planned for the second quarter of 2022 subject to customary closing conditions.

CCL Industries Inc. (TSX:CCL.B) completed the acquisition of Adelbras Indústria e Comércio de Adesivos Ltda and Amazon Tape Indústria e Comércio de Fitas Adesivas Ltda on April 29, 2022.