Pacman-CCL, a joint venture between CCL Industries and United Arab Emirates (UAE)-based Albwardy Investment, has entered a binding agreement to purchase a 70% stake in India’s Super Label.

Subject to customary procedures, the $3.75m deal is scheduled to be concluded by later this month.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Pacman-CCL will also use the investment to reduce debt and provide funding for the future expansion of Super Label, which will be managed by its founder Bharat Mehta following the completion of the new deal

Super Label provides pressure-sensitive labels for various consumer and healthcare products in India.

With the signing of the new deal, the company has become a part of Pacman-CCL trading under the CCL corporate identity system.

See Also:

CCL Industries president and CEO Geoffrey Martin said: “Over the last decade we looked many times at entering India through acquiring a local business.

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.
"Our Indian Checkpoint subsidiaries remain separate to this venture, entirely under CCL control, focusing exclusively on retail and apparel markets."

“Super Label is one of the best managed we have seen, I believe this is the best way forward given Pacman-CCL's proximity to the region.

“Our Indian Checkpoint subsidiaries remain separate to this venture, entirely under CCL control, focusing exclusively on retail and apparel markets.”

Employing 20,000 people, CCL currently operates 156 production facilities in 35 countries worldwide.

CCL Label converts pressure-sensitive and extruded film materials for decorative, instructional and functional applications for customers operating in the consumer packaging, healthcare and chemical markets.

Last month, the company announced its plan to acquire Innovia Group, which provides biaxially oriented polypropylene film (BOPP) films for label, packaging and security applications, for around $1.13bn.