CCL Industries Inc. has announced the signing of a Letter of Intent to acquire, through the purchase of shares, John Watson & Company Ltd., a private label converting company located in Glasgow, Scotland, with sales of approximately £ 12 million sterling in 2012. The company produces labels for leading Scotch whiskey distilleries, as well as other spirits and high-strength beverages, and will complement CCL Label Wine & Spirits' global network of operations in Australia, Asia, Latin America, Russia, South Africa. , the United Kingdom and the United States. The transaction will be subject to a contract based on the financial activity of John Watson & Company during the 2013 calendar. Details will be made public upon completion of the possible future transaction in early 2014.
