The planned acquisition produces labels for leading distillers of Scotch whisky and other spirits, and will complement the global network of CCL Label Wine & Spirits operations in Australia, Asia, Latin America, Russia, South Africa, the UK and the US.
The transaction is subject to contract, with terms based on the financial performance of John Watson & Co for calendar year 2013. Specific details will be disclosed following completion of the planned transaction in early 2014.
In the interim period, the two companies will cooperate to serve common customers and leverage combined supplier relationships. This coordination will be led by Guenther Birkner, president, Food & Beverage Worldwide, together with the management teams of John Watson & Co and CCL Label Wine & Spirits business units.
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