Stock Symbol: TSX - CCL.A and CCL.NV.B TORONTO, Jan. 11 /CNW/ - CCL Industries Inc., a world leader in specialty packaging solutions for the consumer products and healthcare industries, announced today that it has acquired the label converting assets of Prodesmaq and its subsidiaries. Prodesmaq is Brazil's largest supplier of pressure- sensitive labels for many of the same leading global companies in the home and personal care, healthcare and premium food and beverage categories as CCL Label. Located in Vinhedo in the state of Sao Paulo, Prodesmaq operates two state-of-the-art plants and is regarded as the market leader in this sector in the Mercusor region of Latin America. Prodesmaq had revenues of C$37 million in calendar year 2005 and an adjusted EBITDA of approximately C$16 million. The cash purchase price is approximately C$64 million on a debt-free basis. Donald Lang, Vice Chairman and CEO of CCL Industries commented, "This acquisition fits our strategy to redeploy cash into value enhancing transactions that are immediately accretive. In addition, Prodesmaq has many common customers with CCL Label, and alongside our existing rapidly growing business in Mexico, positions us as the leading player in all of Latin America". Geoffrey Martin, President and COO of CCL Industries said, "We have known the Jocionis family for a number of years and have watched and admired them as they built Prodesmaq into not only the leading player in Brazil, but one of the best managed label businesses in the world. I am very pleased that Luis Carlos Jocionis and Nilson Barrantes have agreed to remain with the company to help us bring Brazil and the Mercusor region into the CCL Label supply chain network for our large global customers". CCL Industries Inc. provides state-of-the-art specialty packaging solutions to some of the world's largest producers of consumer brands in personal care, cosmetic, healthcare, household and specialty food and beverage products. CCL is the world's largest supplier of innovative and secure labelling solutions to leading global companies in the consumer product and healthcare sectors and supplies aluminium containers and plastic tubes and closures for major consumer brands of personal care, household products and specialty beverages. With headquarters in Toronto, Canada, CCL Industries employs approximately 4,700 people and operates 47 production facilities in North America, Europe, Latin America and Asia. Statements contained in this Press Release, other than statements of historical facts, are forward-looking statements subject to a number of uncertainties that could cause actual events or results to differ materially from some statements made.