CCL Industries Completes Avery Dennison Label Converting & Consumer Products Acquisition and Announces Leadership & Segment R...

CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) ("CCL"), a world leader in specialty
label and packaging solutions for global corporations, small businesses and
consumers confirmed today that it has completed the acquisition of Avery
Dennison's Office & Consumer Products ("OCP") and Designed & Engineered
Solutions ("DES") businesses previously announced on January 30, 2013, for a
debt-free cash purchase price of US$500 million subject to customary
post-closing adjustments to be finalized during the third quarter.


The OCP business will cease to use its former Avery Dennison divisional identity
and trade with immediate effect simply as "Avery" becoming a publicly reportable
operating segment of CCL, with effect from the third quarter of 2013.


The Company announced that it is appointing Jim Sellors as President of Avery
North America with immediate effect. Mr. Sellors is a long-term CCL leader most
recently serving as Group Vice President of the North American and Australian
Healthcare & Specialty label business. Prior to CCL, he spent several years in
the United States in Marketing & Product Development at Newell Rubbermaid. Mark
Cooper has been appointed Vice President & Managing Director for Avery in Europe
and Asia Pacific and will join CCL in August from Bong AB, a leading European
supplier of envelopes. Mr. Cooper previously spent more than 20 years at Avery
Dennison predominantly in their OCP sector in both Europe and the United States.


Both executives will report to Geoffrey T. Martin, President and CEO of CCL, who
commented, "I would like to acknowledge Tim Bond, President of OCP Worldwide,
for the excellent support he has given us in the lengthy transition and
integration process which will continue through the summer period. He indicated
early on that he may well pursue an alternative path for personal and
professional reasons and so it has proved. I'm sure many of our customers and
new employees will join me in thanking him for his leadership, particularly
during the exhaustive divestiture period, and wish him every success in the
future. We are very fortunate to have found two such highly experienced leaders
to succeed him and take the iconic 'Avery' brand with its global reputation as a
digital printing enabler into a successful future under CCL ownership."


The DES business will be integrated into and augment an enlarged CCL Label
reporting segment. Acquired operations involved in the automotive and consumer
durables markets will trade as CCL Design alongside the Company's existing
business in Germany. Remaining DES facilities will become important additions to
the market sector business units of CCL Label. CCL Container will continue as
the third reporting segment of the Company.


CCL Industries employs approximately 9,800 people and operates 87 production
facilities in 25 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 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 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 success of the acquisition. 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
MD&A section of CCL's 2012 Annual Report, 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 more details on CCL, visit our website - www.cclind.com

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