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

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

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew plc...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events