CCL Industries Inc., a labeling and packaging company in Toronto, is buying Checkpoint Systems Inc. (NYSE: CKP), maker of retail security tags, for $443 million.

Checkpoint, based in Thorofare, New Jersey, will operate as a division of CCL, and the transaction is expected to close by June 30th. Checkpoint makes tags and labels used for loss prevention and inventory management, including radio frequency tags, for the retail and apparel industries.

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