CCL to acquire Advance Packaging Films

By Michael Lauzon
Correspondent

Published: October 25, 2013 1:55 pm ET

Related to this story

Topics Mergers & Acquisitions, Labels, Packaging, Extrusion, Film & Sheet

TORONTO — Packaging major CCL Industries Inc. plans to add in-house film extrusion to its labels business.

The Toronto firm announced Oct. 25 it has agreed to buy the assets of Advanced Packaging Films GmbH of Schkopau, Germany. CCL said it will pay about US$9 million in cash and assumed debt. CCL will integrate it into its global labels for food and beverages business headed by the unit’s president, Guenther Birkner. The transaction is expected to close Oct. 31.

The German firm makes shrink sleeves, biaxially oriented polystyrene film, mono-oriented PS film, stretched PS film and coextruded PS film.

CCL’s label business is its largest division. It makes a range of pressure-sensitive and other types of lablels from plastics and paper. Other divisions make aluminum containers and extruded plastic and aluminum tubes for consumer products.

Geoffrey Martin, CCL president and CEO, said the company will develop more materials capabilities, and bolt-on acquisitions like the German deal could be part of an important strategy.

CCL boosted its labels profile with the July 1 acquisition of Avery Dennison’s office and consumer products and designed and engineered solutions businesses. Part of that purchase includes world rights to Nano-Fusion patented paint protection film with unique surface technology.


Comments

CCL to acquire Advance Packaging Films

By Michael Lauzon
Correspondent

Published: October 25, 2013 1:55 pm ET

Post Your Comments


Back to story


More stories

Image

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Profit dips at Bemis Co. Inc.

January 29, 2015 2:04 pm ET

Profit dipped for Bemis Co. Inc. for all of 2014, but were up during the fourth quarter in what the company's leader called a “pivotal year....    More

Image

Chemtrusion, Mytex Indiana compounding plant set for expansion

January 29, 2015 1:35 pm ET

Japanese and American partners in a compounding plant in Indiana plan to expand the facility.    More

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine h...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events