Mr. Geoffrey Martin reports

CCL INDUSTRIES ANNOUNCES BOLT-ON ACQUISITION FOR AVERY

CCL Industries Inc. has acquired Humphreys Holdings Ltd., doing business as We Print Lanyards, a privately owned designer and manufacturer of custom lanyards, name badges and ID cards, based in Long Eaton, United Kingdom. Sales for the financial year 2024 were $4.1-million with an estimated 25-per-cent adjusted earnings before interest, taxes, depreciation and amortization margin. The debt-free, all-cash consideration is approximately $5.6-million, subject to customary closing conditions.

Geoffrey T. Martin, president and chief executive officer of CCL Industries, commented: "This acquisition continues to build on Avery's rapidly growing portfolio of access control, badging and credentials technologies, products and brands focused on the retail, hospitality, live events and conferencing markets."

About CCL Industries Inc.

CCL Industries employs approximately 26,300 people operating 213 production facilities in 42 countries with corporate offices in Toronto, Canada, and Framingham, Mass. CCL is the world's largest converter of pressure-sensitive and specialty extruded-film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, health care and chemical, consumer electronic device, and automotive markets. Extruded and laminated plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, precision decorated and die-cut components, electronic displays, polymer banknote substrate, 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 for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass-market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labelling and tagging solutions for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multilayer, surface engineered films for label, packaging and security applications. The company is partly backward integrated into material science with capabilities in polymer extrusion, adhesive development, coating and lamination, surface engineering, and metallurgy, deployed as needed across the four business segments.

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