January 30, 2013 / 12:47 PM / in 5 years

CCL Industries to buy Avery Dennison businesses for $500 mln

Jan 30 (Reuters) - Label and specialty packages maker CCL Industries Inc said it would buy two businesses of U.S. label and office supplies maker Avery Dennison Corp for $500 million.

CCL Industries Chief Executive Geoffrey Martin said the acquisition was the largest in the company’s history and would take its pro-forma annual revenue above $2 billion for the first time.

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