CCL Industries To Acquire Ferroprint Western Cape
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The acquired business has a focused factory near Cape Town in the wine growing region of Stellenbosch, South Africa. For the last 12 months estimated revenues were $2.6 million ($3.3 million in Canadian dollars). The debt-cash free purchase price will be $2.1 million ($2.7 million in Canadian dollars) representing the approximate value of tangible assets of the acquired company. Final closing is expected to be completed before the end of March.
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- People:
- Geoffrey Martin
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