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John Watson sale to CCL collapses

A DEAL to sell family-owned John Watson & Company to the world's largest labelling conglomerate has fallen through with the Scottish firm stating it is not looking for another buyer.

HOT OFF THE PRESS: John Watson said no break fees were needed in the deal being cancelled. Picture: Martin Shields
HOT OFF THE PRESS: John Watson said no break fees were needed in the deal being cancelled. Picture: Martin Shields

The proposed multimillion- pound sale to Canadian giant CCL was first mooted in November last year as initial terms had been struck.

There was a year-long handover period built into that with full completion expected to be formalised early in 2014.

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