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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)