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

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms &...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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