CCL Industries Updates on Corporate Development

CCL Industries Inc. ("CCL") (TSX:CCL.A)(TSX:CCL.B), a world leader in specialty
label and packaging solutions for global corporations, small businesses and
consumers, announced today that it has recently concluded a number of
transactions. The Company has acquired outright its license holder for Turkey,
CCL Dekopak, a leading producer of shrink sleeves for international customers
based in Istanbul. CCL Label plans to use the new business as an entry platform
for all product lines in Turkey and will relocate operations to a new plant to
facilitate the expansion. In Japan CCL Label acquired the assets of Kadomise, a
small producer of pressure sensitive labels based in Shikoku which will be
combined with an existing operation in the country. In a similar transaction CCL
Label Australia acquired the Hunter Valley, New South Wales wine label customers
of Labelcraft Pty Ltd which will be integrated into the recently commissioned
new facility in Sydney. 


Initial combined consideration for these three transactions amounted to $6
million and together the businesses are expected to add approximately $12
million in sales and at least $1.5 million EBITDA ("earnings before interest,
taxes, depreciation and amortization") in their first full year. The transaction
in Turkey includes a contingent consideration payable in 2017 subject to EBITDA
improvement averaged over the first three years of the venture. A similar
arrangement is in place for the Australian transaction payable in early 2015,
subject to the degree of customer retention in the current year. These
contingent considerations are entirely performance-driven and therefore should
not materially impact the entry purchase price multiple based on the trailing
EBITDA at the time of any payment.


Finally the Company confirmed the closing of its previously announced agreement
to acquire Sancoa & TubeDec, privately owned producers of labels and tubes for
Home & Personal Care customers in North America. The new business unit will
trade with immediate effect as "CCL Label TubeDec" and will be part of the
global CCL Label Home & Personal sector headed by Ben Rubino, President.


Geoffrey T. Martin, President & CEO of CCL Industries Inc., commented, "We are
pleased to report on further international expansion, adding and developing
important geography and continuing to build our fast growing CCL Label Food &
Beverage sector headed by Guenther Birkner, President. In North America, we
expect to find significant cost, innovation and procurement synergies at Sancoa
& TubeDec through its combination with existing CCL Label Home & Personal Care
operations. For 2016, we plan to improve EBITDA from the acquired revenue stream
by approximately $5 million. Over the intervening period the Company expects to
incur approximately $4 million of integration costs including transaction
expenses from the acquisition process."


CCL Industries employs approximately 10,000 people and operates 95 production
facilities in 27 countries on 5 continents with corporate offices in Toronto,
Canada, and Framingham, Massachusetts. CCL Label is the world's largest
converter of pressure sensitive and extruded film materials for a wide range of
decorative, instructional and functional applications for large global customers
in the consumer packaging, healthcare, automotive and consumer durables markets.
Extruded & laminated plastic tubes, folded instructional leaflets, precision
printed & die cut metal components with LED displays and other complementary
products and services are sold in parallel to specific end-use markets. Avery is
the world's largest supplier of labels, specialty converted media and software
solutions to enable short run digital printing in businesses and homes alongside
complementary office products sold through distributors and mass market
retailers. CCL Container is a leading producer of impact extruded aluminum
aerosol cans and bottles for consumer packaged goods customers in the United
States, Canada and Mexico. 


This press release contains forward-looking information and forward-looking
statements, as defined under applicable securities laws, (hereinafter
collectively referred to as "forward-looking statements") that involve a number
of risks and uncertainties. Forward-looking statements include all statements
that are predictive in nature or depend on future events or conditions.
Forward-looking statements are typically identified by the words "believes,"
"expects," "anticipates," "estimates," "intends," "plans" or similar
expressions. Statements regarding the operations, business, financial condition,
priorities, ongoing objectives, strategies and outlook of the Company, other
than statements of historical fact, are forward-looking statements.
Specifically, this press release contains forward-looking statements regarding
the successful integration of Sancoa and TubeDec into CCL Label; estimated
EBITDA improvements; expected integration and transaction expenses and the
Company's expectations regarding general business and economic conditions.
Forward-looking statements are not guarantees of future performance. They
involve known and unknown risks and uncertainties relating to future events and
conditions including, but not limited to, the evolving global financial crisis
and its impact on the world economy and capital markets; the impact of
competition; consumer confidence and spending preferences; general economic and
geopolitical conditions; currency exchange rates; interest rates and credit
availability; technological change; changes in government regulations; risks
associated with operating and product hazards; and CCL's ability to attract and
retain qualified employees.

Do not unduly rely on forward-looking statements as the Company's actual results
could differ materially from those anticipated in these forward-looking
statements. Forward-looking statements are also based on a number of
assumptions, which may prove to be incorrect, including, but not limited to,
assumptions about the following: global economic recovery and higher consumer
spending; improved customer demand for the Company's products; continued
historical growth trends, market growth in specific segments and entering into
new segments; the Company's ability to provide a wide range of products to
multinational customers on a global basis; the benefits of the Company's focused
strategies and operational approach; the achievement of the Company's plans for
improved efficiency and lower costs, including stable aluminum costs; the
availability of cash and credit; fluctuations of currency exchange rates; the
Company's continued relations with its customers; and general business and
economic conditions. Should one or more risks materialize or should any
assumptions prove incorrect, then actual results could vary materially from
those expressed or implied in the forward-looking statements. Further details on
key risks can be found in the 2013 MD&A, particularly under Section 4: "Risks
and Uncertainties." CCL's annual and quarterly reports can be found online at
www.cclind.com and www.sedar.com or are available upon request. Except as
otherwise indicated, forward-looking statements do not take into account the
effect that transactions or non-recurring or other special items announced or
occurring after the statements are made may have on CCL's business. Such
statements do not, unless otherwise specified by the Company, reflect the impact
of dispositions, sales of assets, monetizations, mergers, acquisitions, other
business combinations or transactions, asset write-downs or other charges
announced or occurring after forward-looking statements are made. The financial
impact of these transactions and non-recurring and other special items can be
complex and depends on the facts particular to each of them and therefore cannot
be described in a meaningful way in advance of knowing specific facts. The
forward-looking statements are provided as of the date of this press release and
the Company does not assume any obligation to update or revise the
forward-looking statements to reflect new events or circumstances, except as
required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CCL Industries Inc.
Sean Washchuk
Senior Vice President and Chief Financial Officer
416-756-8526
www.cclind.com
CCL Industries (TSX:CCL.B)
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