NarrowWebTech

CCL Industries – Three transactions announced

CANADA • The world leader in specialty label and packaging solutions for global corporations, small businesses and consumers has concluded two acquisitions for plus increased its stake in one of its joint ventures.

CCL acquired Woelco AG, a supplier of durable labeling systems for industrial and automotive customers based near Stuttgart, Germany, with subsidiary operations in both the United States and China. The USD 27 million net cash purchase consideration includes a state-of-the-art manufacturing facility held in a related German property company. In addition, CCL acquired Label Art Ltd. and Label Art Digital Ltd., privately owned companies with common shareholders, based in Dublin, Ireland. Label Art is a pressure sensitive label producer in Ireland with a focus on healthcare and specialty customers in Ireland and the UK. Finally, CCL invested USD 6 million to increase its stake to 75% in the tube manufacturing joint venture in Bangkok, Thailand, with Taisei Kako Co. Ltd. of Japan.

Armin Karl Geiger

Your Opinion