CCL Industries won't object if you give it a little squeeze. CCL produces specialty packaging for the food, health care, automotive, and personal care industries through its three business divisions: labels (pressure sensitive and film), containers (aluminum), and tubes (plastic squeeze). Customers include Procter & Gamble and Johnson & Johnson. CCL's packages have held such well-known brands as Febreze fabric freshener and Equal non-caloric sweetener. It has facilities in North and Latin America, Europe and Eastern Europe, and Asia/Pacific. CCL, which operates more than 60 facilities worldwide in more than a dozen countries, gets more than half of sales from the Americas.
The company makes strategic purchases to enhance and increase its global customer base, as well as its product portfolio. In recent years the company has focused acquisitions on emerging markets such as China, Thailand, and Vietnam. Though the Asia/Pacific region represents a little over 5% in sales, CCL is looking to grow its presence in that emerging market. Between 2003 and 2009, sales from emerging markets have gone from practically nonexistent to accounting for about 15% of total revenue.
CCL has also made key acquisitions in established markets. In early 2013, it agreed to acquire the Office and Consumer Products segment belonging to Avery Dennison for $500 million. The segment makes school and office products under established brand names such as Avery, Marks-A-Lot, and HI-LITER. The operations had sales of $120 million in 2012, and the deal would be CCL's biggest to date.
In spring 2011 CCL acquired Thunder Press (operates under trade name Sertech), a label company based in Chicago. Sertech produces patient instructional leaflets for US pharmaceutical customers. The transaction was valued at approximately $10 million (cash and assumed debt).
The founding Lang family controls the company. – less
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