Stock Symbol: TSX - CCL.A and CCL.NV.B TORONTO, Jan. 24 /CNW/ - CCL Industries Inc., a world leader in specialty packaging solutions for the consumer products and healthcare industries, announced today that it has signed a binding agreement to divest the assets of its dispensing closure business in Libertyville, IL to AptarGroup, Inc. CCL Dispensing had revenues of approximately C$26 million in calendar year 2005 and an Operating Income contribution of approximately C$1 million in the same period. The purchase price of approximately C$24 million will be paid in cash. Closing for the transaction is anticipated in early February. Donald Lang, Vice Chairman and CEO of CCL Industries commented, "CCL Dispensing is a small player in the global closures market and I am delighted that a world leading company in the industry is interested in further developing the operation". Geoffrey Martin, President and COO of CCL Industries said, "This divestiture will allow us to focus on the decorated plastic tube segment of our plastic packaging business where we have an interesting market opportunity in North America". CCL Industries Inc. manufactures pressure-sensitive labels, aluminum containers and plastic tubes providing state-of-the-art specialty packaging solutions to global producers of consumer brands in the home and personal care, healthcare and specialty food and beverage sectors. 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. For more details on CCL, visit our web site - www.cclind.com