CCL Industries Agrees to Acquire Sancoa & TubeDec

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 signed a binding agreement to acquire
"Sancoa" & "TubeDec"; privately owned companies with common shareholders
supplying labels and plastic tubes to Home & Personal Care customers in North
America from three plants located in New Jersey and one in Ohio. The agreed
purchase price is US$71 million including the settlement of financial debt.
Closing is scheduled during the first quarter of 2014 subject to customary
completion conditions.


The new acquisition will trade as part of CCL Label's global Home & Personal
Care business unit headed by Ben Rubino, President. Sancoa & TubeDec's combined
sales in 2013 were US$82.5 million with an adjusted EBITDA of approximately
US$10.1 million.


Geoffrey T. Martin, President & CEO of CCL Industries commented, "Joe Sanski,
the principal shareholder of Sancoa & TubeDec, built one of the most respected
companies in the world label industry. Over three decades he pioneered numerous,
innovative label and tube decorating technologies that are globally recognized
by customers, suppliers and peers. We are very pleased Joe chose us as a legacy
home for the business that he founded and welcome both him and his management
team on their joining CCL; making the integration process seamless for our
combined organization and customers."


Mr. Martin concluded, "We expect to unlock many financial and operational
synergies which we will announce in more detail at the closing of the
transaction later this quarter."


CCL Industries employs approximately 10,000 people and operates 89 production
facilities in 25 countries on 5 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
the anticipated completion and success of the acquisition; the completion of the
Sancoa and TubeDec acquisition in the first quarter of 2014; the expectation of
unlocking financial and operational synergies subsequent to the Sancoa and
TubeDec acquisition; and the Company's expectations regarding general business
and economic conditions. Forward-looking statements are not guarantees of future
performance. 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)
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