Grupo RAR

RAR agreed the acquisition of the 40% of ColepCCL owned by CCL Industries, Inc., for 100 million Euros, thereby becoming ColepCCL?s sole shareholder. The transaction is subject to regulatory approvals.

ColepCCL, created in 2004, resulted from the merger of Colep with the European operations of the custom manufacturing division of Canadian CCL Industries, Inc. As a result of the merger, RAR owned 60% and CCL Industries, Inc., 40% of the newly formed ColepCCL.

The current transaction fits within a strategic reorientation of CCL Industries Inc., a company listed on the Toronto Stock Exchange (CCL.B:CA). In recent years the company has been focusing on other areas of the packaging sector, having sold its North American custom manufacturing division in 2005.

Throughout the last three and half years, CCL Industries, Inc. was an excellent business partner having substantially contributed to the success of the merger and to the growth of ColepCCL.

ColepCCL is the European leader of contract manufacturing de of personal and home care products, pharmaceutical and cosmetic products for multinational brand owners. It is also one of the main European producers of tinplate aerosol cans and the Iberian leader of industrial metal packaging.
ColepCCL has plants in Germany, Poland, Portugal, Spain and the United Kingdom, employing approximately 2100 people.
In 2006, sales reached 325 million Euros and operating cash flow (EBITDA) amounted to 45 million Euros. The company has substantial investments underway, in particular, a new aerosol plant in Poland.

The successful partnership with CCL Industries, Inc., now ending, leads RAR to view positively the possibility of finding new partners which add value to ColepCCL?s development.