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.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.