Canada's CCL to buy Innovia for C$1.13 bln

Dec 19 Canadian label and packaging maker CCL
Industries Inc said on Monday it would acquire
U.K.-based Innovia Group of companies for about C$1.13 billion
($842 million).CCL is buying Innovia, a maker of specialty films used for
labeling, packaging and in security applications, debt free and
net of cash from a consortium of U.K.-based private equity
investors managed by The Smithfield Group LLP.

($1 = 1.34 Canadian dollars)

(Reporting by Aravind K in Bengaluru)

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