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CCL Industries to Acquire 100% of Middle East Venture

PCCL operates manufacturing facilities in the United Arab Emirates, Oman, Egypt, Saudi Arabia and Pakistan.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

CCL Industries Inc. announced it has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (PCCL), from its partner, Albwardy Investment LLC, which is headquartered in Dubai.

PCCL operates manufacturing facilities in the United Arab Emirates, Oman, Egypt, Saudi Arabia and Pakistan. The transaction is expected to close this summer, subject to local regulatory procedures in the jurisdictions. 

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