Mr. Geoffrey Martin reports

CCL INDUSTRIES SIGNS AGREEMENT TO ACQUIRE ALT TECHNOLOGIES FOR CCL DESIGN

CCL Industries Inc. has signed a binding agreement to acquire Advanced Safety Technologies B.V. and its subsidiaries doing business as ALT Technologies, a privately owned provider of covers, wraps and seals for automotive air bags along with durable labels for automotive and industrial markets. ALT operates manufacturing facilities in the Netherlands, Romania, China and Mexico. Sales for the trailing 12 months ending Nov. 30, 2025, were approximately $67-million with an estimated 11.3-per-cent adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin. The debt-free, all-cash purchase consideration, subject to customary closing conditions, is approximately $32-million. The transaction is expected to close during the second quarter of 2026, subject to regulatory procedures.

Geoffrey T. Martin, president and chief executive officer of CCL Industries, commented: "We have known ALT and its management for over 25 years and followed them as they developed into a global leader in the air bag industry. The acquisition will create a new automotive safety business unit within CCL Design, and we look forward to welcoming the talented ALT team to our company."

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 chemicals, 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 materials science with capabilities in polymer extrusion, adhesive development, coating and lamination, surface engineering, and metallurgy; deployed as needed across the four business segments.

We seek Safe Harbor.