Canadian speciality packaging provider CCL Industries has completed the purchase of its 50% interest in UAE-based Pacman-CCL in a deal worth $18.5m.
Go deeper with GlobalData
The acquisition was initially announced in March 2011. CCL’s interest was acquired from Albwardy Investment, which had full ownership of the group of label companies before CCL’s purchase.
The agreement binds CCL and Albwardy to complete an investment in a new facility currently under construction in Jeddah, Saudi Arabia, which is estimated to cost $4m in total.
Pacman is a label printing company and has additional operations in Cairo, Egypt, and Muscat, Oman.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
