CCL Industries announces India entry for CCL Label. CCL Industries Inc - pacman-ccl will invest $3.75 million in venture to acquire its stake, reduce debt and provide funding for future expansion.

CCL Industries-pacman-ccl joint venture signed a binding agreement to acquire a 70% stake in privately owned super label mfg. Co. CCL Industries Inc - pacman-ccl joint venture signed a binding agreement to acquire a 70% stake in privately owned super label mfg. Co.

CCL Industries inc - co will continue to be headed by its founder, bharat mehta, and becomes part of pacman-ccl trading under ccl corporate identity system.

Source: in.reuters.com