CCL Industries Expands in Singapore May 03, 2021 08:00 ET | Source: CCL Industries CCL Industries Toronto, Ontario, CANADA TORONTO, May 03, 2021 (GLOBE NEWSWIRE) -- CCL Industries Inc., a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today it has acquired privately held Lux Global Label Asia Pte. Ltd. (“LUX”), based in Singapore. LUX produces decorative labels for global consumer customers in the ASEAN region. For the trailing twelve months ending March 31, 2021, sales were $9.2 million, with adjusted EBITDA of approximately $1.0 million. The estimated $9.4 million purchase price is expected to equate approximately to the fair market value of the tangible fixed assets (including an owned building in Singapore) and working capital acquired. LUX will immediately move to trade as CCL Label Singapore.