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BRIEF-CCL Industries to acquire Innovia for $1.13 billion
December 19, 2016 / 9:37 PM / a year ago

BRIEF-CCL Industries to acquire Innovia for $1.13 billion

Dec 19 (Reuters) - Ccl Industries Inc -

* Transaction will be financed from existing capacity in our revolving credit facility and a new U.S. $ 450 million, two-year term loan

* For 2017, innovia is expected to generate net revenue of approximately $570 million and estimated ebitda of $155 million

* CCL Industries to acquire Innovia for $1.13 billion Source text for Eikon: Further company coverage:

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