CCL Industries

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CCL Industries Inc.
Public
Traded as

TSXCCL.B

S&P/TSX 60 Component
Industry Packaging & Containers
Founded 1951 as Connecticut Chemicals (Canada) Ltd
Headquarters Willowdale, Canada
Number of locations
154 factories
Key people
Geoffrey T. Martin (CEO)
Revenue Increase4.0 billion C$ (2016) [1]
Increase346 million C$ (2016)[1]
Number of employees
20,000 (2016)
Website www.cclind.com

CCL Industries Inc. is a Toronto, Ontario-based company founded in 1951. It describes itself as the world's largest label maker.[2] It is listed on the Toronto Stock Exchange (TSXCCL.BCCL.A), and is an S&P/TSX 60 Component. CCL consists of five divisions – CCL Label, CCL Container, Avery, Checkpoint, and Innovia. It has 154 manufacturing facilities in North America, Latin America, Europe, Asia, Australia and Africa operated by approximately 20,000 employees.[3]

History[edit]

CCL was founded in 1951 as Connecticut Chemicals (Canada) Limited. In 1979, the name was changed to CCL Industries.[4] It originally focused on custom manufacturing for the Canadian consumer products industry.[2] Starting in the 1980s, it expanded into labels and other packaging, and also expanded internationally into the United States and the United Kingdom.[4] It went public on the Toronto Stock Exchange in 1999.[5] In the 2000s, it started shifting away from custom manufacturing and towards labels and packaging; in 2005, it sold its custom manufacturing business to KCP Income Fund for $256 million.[6] In 2006, it sold its interest in ColepCCP, a European custom manufacturing joint venture with Portuguese company RAR, for $140 million.[7] In 2013, it acquired Avery for $500 million from Avery Dennison, its biggest acquisition to that time.[8] In 2015, it bought Worldmark, a British labelling company specializing in labels for the technology sector, for $255 million.[9] In 2016, it acquired Checkpoint Systems for $422 million.[10] In December 2016, CCL acquired Innovia Films Ltd, a British specialty films company, for $1.13 billion Canadian Dollars.[11] In 2017, it joined the S&P/TSX 60.[12]

Business[edit]

CCL provides labels and packaging products to various markets, including consumer product, healthcare, and industrial companies.[1] Specific markets served include the home product, personal care, food&beverage, pharmaceutical, apparel, industrial chemical, automotive, and electronics markets.[1] As of 2016, 5% of sales were in Canada, 46% were in the United States, 7% were in Latin America, 28% were in Europe, and the other 14% were in Asia-Pacific and Africa.[1]

Divisions[edit]

CCL Label

CCL’s Label business is its largest business segment; contributing approximately 63% to CCL’s total sales as of 2016.[1] The Label Division provides package decorating solutions[clarification needed] and specialty label applications for global customers. CCL Label is one of the world’s largest converters of pressure-sensitive and film materials.[citation needed] They produce a wide range of labelling products including expanded content, 2-ply, WashOff, Shrink Sleeves, RFID and promotional pieces.

CCL Container

Container business contributes approximately 6% to CCL’s total sales[1] and is a manufacturer of aluminum cans and beverage bottles in North America.

Avery

Contributing approximately 20% to CCL’s total sales,[1] Avery was acquired from Avery Dennison in 2013 and supplies media for use in Digital printers.

Checkpoint Systems

Acquired in 2016, Checkpoint contributes approximately 11% of CCL's total sales. It provides loss-prevention and inventory management labelling for clothing retailers.

Innovia Films Ltd

Acquired in December 2016, Innovia manufactures specialty films for packaging, labelling, graphic arts and industrial products.

References[edit]

  1. ^ a b c d e f g h "CCL 2016 Annual Report" (PDF). 
  2. ^ a b "CCL Industries quietly became the world's largest label-maker". Canadian Business - Your Source For Business News. 2016-07-06. Retrieved 2018-01-01. 
  3. ^ "Global specialty packaging company, largest label company in the world | CCL Industries". www.cclind.com. Retrieved 2018-01-01. 
  4. ^ a b "CCL Industries - Annual Information Form 2016" (PDF). 
  5. ^ "CCL Industries went public on 1999-04-09 - TSE:CCL | Crunchbase". Crunchbase. Retrieved 2018-01-01. 
  6. ^ "KCP pays $265M for CCL Custom". CBC News. Retrieved 2018-01-01. 
  7. ^ "CCL Industries to sell interest in European JV - Canadian Plastics". Canadian Plastics. 2007-10-08. Retrieved 2018-01-01. 
  8. ^ "CCL's acquisition of Avery assets to 'transform' company". The Globe and Mail. 2013-01-30. Retrieved 2018-01-01. 
  9. ^ "Canadian firm buys Worldmark for £126m". BBC News. 2015-11-06. Retrieved 2018-01-01. 
  10. ^ "Canada's CCL to buy anti-theft tag maker Checkpoint for $422 million". Reuters. 2016-03-02. Retrieved 2018-01-01. 
  11. ^ "Plastic £5 note firm Innovia bought by Canada's CCL". BBC News. Retrieved 25 December 2016. 
  12. ^ "S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices". www.newswire.ca. Retrieved 2018-01-01. 

External links[edit]