Date Closed

May 17, 2005

Lead Office

Toronto

Value

215.00 Million CAD

On May 17, 2005, KCP Income Fund completed the acquisition of the North American Custom Manufacturing Division of CCL Industries Inc. for a purchase price of approximately US$215,000,000. Including the acquisition of Custom, KCP is one of North America’s largest custom manufacturers of consumer products in the laundry, household cleaners, over the counter medicated and health and beauty care categories for both brand name and retailer brands.

McCarthy Tétrault advised the bondholders of North American with a team that was led by David Woollcombe.