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CCL Industries Announces Closing of Polish Acquisition
21
Mar '20

TORONTO, March 20, 2020 (GLOBE NEWSWIRE) CCL Industries Inc., (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today the closing of the acquisition of Flexpol Sp. Z.o.o. (“Flexpol”) this week after regulatory approval was completed. The company now trades as “Innovia Poland” with immediate effect.

Commenting on the acquisition, Guenther Birkner, President of Innovia Films (in addition to heading CCL Label’s Food & Beverage and Healthcare & Specialty businesses), commented, “We are excited about the new operation which brings important new capabilities to service the label industry in Europe, matching the product lines available from our North American operation. We will continue to invest in this low cost operation to expand our product offering in label films for internal use as well as sales to the external market. We will also continue to service the flexible packaging market as Flexpol has done successfully in the past.”

CCL Industries Inc. employs approximately 21,400 people operating 183 production facilities in 42 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL is the world’s largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets. Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world’s largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.

 

(This story has not been edited by Fibre2Fashion staff and is published from a syndicated feed.)


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