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CCL Industries to Acquire Wine Label Plant in South Africa

CCL Industries Inc. a producer of label solutions for the consumer packaging and healthcare markets,
announced today that it has signed a binding agreement to acquire the shares of Ferroprint Western
Cape (Pty) Ltd., a wholly owned subsidiary of Ferroprint (Pty) Ltd., based in Durban, South Africa.
Ferroprint Western Cape (Pty) Ltd. will immediately change its trading name to "CCL Label" while its
former parent company will continue to trade as "Ferroprint."

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 debtcash
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.
Geoffrey Martin, President and CEO of CCL Industries commented, "South Africa is a strategic market
for our global beverage business which we currently service through a local CCL sales company
importing from our European and Australian facilities. This bolt on acquisition will give us a
manufacturing presence to build our position in this important beverage market at an attractive
valuation for shareholders."