CCL Industries Completes Acquisition of Two Businesses from Avery Dennison 

 

July 2013

On July 1, 2013, CCL Industries Inc. ("CCL"), a specialty label and packing solution company, recently completed its acquisition of Avery Dennison Corporation's Office & Consumer Products and Designed & Engineered Solutions businesses in a global deal for a debt-free cash purchase price of US$500 million, subject to customary post-closing adjustments.

CCL's legal transaction team in Canada was represented by McMillan LLP with a team led by Carl De Vuono (Corporate) and including Paul Collins (Securities) and William Rowlands (Real Estate).

In connection with the transaction, CCL entered into a new CDN$700 million syndicated credit agreement with Bank of Montreal as agent. On the financing, CCL was represented by McMillan LLP with a team led byEric Friedman (Financial Services) and including Maria Sagan (Financial Services) andMichael Friedman (Tax).