11:57 AM EST - CCL Industries Inc. : announced that it has signed a binding agreement to acquire the shares of Ferroprint Western Cape Ltd., a wholly owned subsidiary of Ferroprint Ltd., based in Durban, South Africa. The acquired business has a focused factory near Cape Town in the wine growing region of Stellenbosch, South Africa. For the last 12 months, estimated revenues were $3.3 million. The debt-cash free purchase price will be $2.7 million representing the approximate value of tangible assets of the acquired company. Final closing is expected to be completed before the end of March. CCL Industries Inc.
shares T.CCL.B are trading up $0.43 at $21.26.
