CCL Industries Inc. (TSX:CCL.B) signed a binding agreement to acquire FLEXPOL-GASIOR Sp. z o.o. for CAD 22 million on January 3, 2020. The consideration is on a debt/cash free basis. Post-acquisition, FLEXPOL-GASIOR will trade as Innovia Poland. FLEXPOL-GASIOR had sales of CAD 70 million and EBITDA of CAD 3.7 million in 2019. Transaction is subject to regulatory approvals and is expected to close during the first quarter of 2020.