On April 4, 2022, CCL Industries Inc., a Toronto-based specialty label and packaging company, completed a significant acquisition in the adhesive tape sector. The company entered into a binding agreement to purchase Adelbras Indústria e Comércio de Adesivos Ltda. and Amazon Tape Indústria e Comércio de Fitas Adesivas Ltda., collectively known as Adelbras. This acquisition, valued at approximately $196.6 million (US$155.4 million), marks a notable expansion for CCL Industries in the Brazilian market.

Adelbras, a privately-owned producer of adhesive tapes, is headquartered in Vinhedo, Brazil. This acquisition by CCL Industries represents a strategic move to bolster their presence and operations in Brazil. The company's president and chief executive officer, Geoffrey T. Martin, expressed enthusiasm about the expansion and the integration of the Adelbras team into CCL.

The transaction, planned for closure in the second quarter of the year, was a debt-free, all-cash purchase. It is subject to customary closing conditions as per the industry norms. This move is indicative of CCL Industries' ongoing strategy to diversify and strengthen its global operations, particularly in the South American region. The acquisition reflects the company's commitment to expanding its product offerings and market reach, positioning itself as a more significant player in the international label and packaging industry.