CCL Industries to acquire remaining 50% of Middle East joint venture, Pacman-CCL (PCCL)
Acquiring Company
CCL Industries
Acquired Company
Pacman-CCL (PCCL)
Description
CCL Industries Inc. has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (PCCL), from its partner, Albwardy Investment LLC headquartered in Dubai. This strategic acquisition aims to strengthen CCL's presence and operations in the Middle Eastern market, providing opportunities for expansion and growth.
Quick answer
CCL Industries is acquiring Pacman-CCL (PCCL), announced May 13, 2024.
- How much did CCL Industries pay for Pacman-CCL (PCCL)?
- The deal value was not disclosed.
Source: Fundz verified event record.
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Frequently asked
Who acquired Pacman-CCL (PCCL)?
Pacman-CCL (PCCL) was acquired by CCL Industries. The deal was reported on May 13, 2024. CCL Industries is privately held.
When did CCL Industries acquire Pacman-CCL (PCCL)?
CCL Industries's acquisition of Pacman-CCL (PCCL) was reported on May 13, 2024. CCL Industries Inc. has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (PCCL), from its partner, Albwardy Investment LLC headquartered in Dubai. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pacman-CCL (PCCL) do?
Pacman-CCL (PCCL) is a joint venture operating manufacturing facilities in the Middle East. With its headquarters in Dubai, PCCL is a significant player in the packaging and labeling industry catering to the Middle Eastern market. It is privately held, operating in Manufacturing.
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