CCL to acquire Advance Packaging Films

By Michael Lauzon
Correspondent

Published: October 25, 2013 1:55 pm ET

Related to this story

Topics Packaging Mergers & Acquisitions Film & Sheet Extrusion Labels
Companies & Associations

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

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events