CCL Industries Acquires Majority Interest in Chilean Venture

CCL Industries Inc. ("CCL") (TSX:CCL.A)(TSX:CCL.B), a world leader in specialty
label and packaging solutions for global corporations, small businesses and
consumers, announced today that it has acquired an additional 12.5% interest in
its Chilean wine label venture Acrus-CCL for US$1.2 million and now owns 62.5%
of the equity. CCL's partners, the Marinetti family, have a significant role in
the venture so the business will continue to be treated on an equity accounting
basis. In the first quarter of 2014, CCL and its partners plan to inject a
further US$5 million into the venture providing capital to add capacity and
broaden market scope in Chile while expanding into new territories in the Andean
region.


Geoffrey T. Martin, President & CEO of CCL Industries commented, "I'd like to
take this opportunity to thank Mitch Kendall and David Goodman. While they have
now exited their shareholder position in Chile, they played an important role in
one of our more successful start-up ventures in Emerging Markets."


CCL Industries employs approximately 10,000 people and operates 89 production
facilities in 25 countries on five continents with corporate offices in Toronto,
Canada, and Framingham, Massachusetts. CCL Label is the world's largest
converter of pressure sensitive and film materials for a wide range of
decorative, instructional and functional applications for large global customers
in the consumer packaging, healthcare, automotive and consumer durables markets.
Extruded plastic tubes, folded instructional leaflets, precision printed & die
cut metal components with LED displays and other complementary products and
services are sold in parallel to specific end use markets. Avery is the world's
largest supplier of labels, specialty converted media and software solutions to
enable short run digital printing in businesses and homes alongside
complementary office products sold through distributors and mass market
retailers. CCL Container is a leading producer of impact extruded aluminum
aerosol cans and bottles for consumer packaged goods customers in the United
States, Canada and Mexico.


This press release contains forward-looking information and forward-looking
statements, as defined under applicable securities laws, (hereinafter
collectively referred to as "forward-looking statements") that involve a number
of risks and uncertainties. Forward-looking statements include all statements
that are predictive in nature or depend on future events or conditions.
Forward-looking statements are typically identified by the words "believes,"
"expects," "anticipates," "estimates," "intends," "plans" or similar
expressions. Statements regarding the operations, business, financial condition,
priorities, ongoing objectives, strategies and outlook of the Company, other
than statements of historical fact, are forward-looking statements.
Specifically, this press release contains forward-looking statements regarding
increased investment in Acrus-CCL in order to broaden market and geographic
scope. They involve known and unknown risks and uncertainties relating to future
events and conditions including, but not limited to, the evolving global
financial crisis and its impact on the world economy and capital markets; the
impact of competition; consumer confidence and spending preferences; general
economic and geopolitical conditions; currency exchange rates; interest rates
and credit availability; technological change; changes in government
regulations; risks associated with operating and product hazards; and CCL's
ability to attract and retain qualified employees. Do not unduly rely on
forward-looking statements as the Company's actual results could differ
materially from those anticipated in these forward-looking statements.
Forward-looking statements are also based on a number of assumptions, which may
prove to be incorrect, including, but not limited to, assumptions about the
following: global economic recovery and higher consumer spending; improved
customer demand for the Company's products; continued historical growth trends,
market growth in specific segments and entering into new segments; the Company's
ability to provide a wide range of products to multinational customers on a
global basis; the benefits of the Company's focused strategies and operational
approach; the achievement of the Company's plans for improved efficiency and
lower costs, including stable aluminum costs; the availability of cash and
credit; fluctuations of currency exchange rates; the Company's continued
relations with its customers; and general business and economic conditions.
Should one or more risks materialize or should any assumptions prove incorrect,
then actual results could vary materially from those expressed or implied in the
forward-looking statements. 

Further details on key risks can be found in the MD&A section of CCL's 2012
Annual Report, particularly under Section 4: "Risks and Uncertainties." CCL's
annual and quarterly reports can be found online at www.cclind.com and
www.sedar.com or are available upon request. Except as otherwise indicated,
forward-looking statements do not take into account the effect that transactions
or non-recurring or other special items announced or occurring after the
statements are made may have on CCL's business. Such statements do not, unless
otherwise specified by the Company, reflect the impact of dispositions, sales of
assets, monetizations, mergers, acquisitions, other business combinations or
transactions, asset write-downs or other charges announced or occurring after
forward-looking statements are made. The financial impact of these transactions
and non-recurring and other special items can be complex and depends on the
facts particular to each of them and therefore cannot be described in a
meaningful way in advance of knowing specific facts. The forward-looking
statements are provided as of the date of this press release and the Company
does not assume any obligation to update or revise the forward-looking
statements to reflect new events or circumstances, except as required by law.


For more details on CCL, visit our website - www.cclind.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
CCL Industries Inc.
Sean Washchuk
Senior Vice President and Chief Financial Officer
416-756-8526
www.cclind.com
CCL Industries (TSX:CCL.A)
過去株価チャート
から 5 2024 まで 6 2024