CCL Industries Inc. announced that it has recently concluded a number of transactions. The company has acquired outright its license holder for Turkey, CCL Dekopak, a leading producer of shrink sleeves for international customers based in Istanbul. CCL Label plans to use the new business as an entry platform for all product lines in Turkey and will relocate operations to a new plant to facilitate the expansion. In Japan, CCL Label acquired the assets of Kadomise, a small producer of pressure sensitive labels based in Shikoku ,which will be combined with an existing operation in the country. In a similar transaction, CCL Label Australia acquired the Hunter Valley, New South Wales wine label customers of Labelcraft Pty Ltd, which will be integrated into the recently commissioned new facility in Sydney.
The company also confirmed the closing of its previously announced agreement to acquire Sancoa & TubeDec, privately owned producers of labels and tubes for home and personal care customers in North America.The new business unit will trade with immediate effect as CCL Label TubeDec and will be part of the global CCL Label Home & Personal sector headed by Ben Rubino, president.
“We are pleased to report on further international expansion, adding and developing important geography and continuing to build our fast growing CCL Label Food & Beverage sector headed by Guenther Birkner, president,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc. “In North America, we expect to find significant cost, innovation and procurement synergies at Sancoa & TubeDec through its combination with existing CCL Label Home & Personal Care operations.”
CCL Industries Updates on Corporate Development
Published March 3, 2014
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