CCL Industries

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CCL Industries Inc.
Company typePublic
TSX: CCL.B
S&P/TSX 60 Component
IndustryPackaging & Containers
Founded1951 (1951) (as Connecticut Chemicals (Canada) Ltd)
HeadquartersToronto, Canada & Framingham, Massachusetts[1]
Number of locations
199 factories
Key people
Geoffrey T. Martin (CEO)
RevenueIncrease4.0 billion C$ (2016) [2]
Increase346 million C$ (2016)[2]
Number of employees
20,000 (2016)
Websitecclind.com Edit this at Wikidata

CCL Industries, Inc., is an American-Canadian company founded in 1951. It describes itself as the world's largest label maker.[3] It is listed on the Toronto Stock Exchange, 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.[4]

History

CCL was founded in 1951 as Connecticut Chemicals (Canada) Limited. In 1979, the name was changed to CCL Industries.[5] It originally focused on custom manufacturing for the Canadian consumer products industry.[3] Starting in the 1980s, it expanded into labels and other packaging, and also expanded internationally into the United States and the United Kingdom.[5] It went public on the Toronto Stock Exchange in 1980.[6] 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.[7] In 2006, it sold its interest in ColepCCP, a European custom manufacturing joint venture with Portuguese company RAR, for $140 million.[8] In 2013, it acquired Avery for $500 million from Avery Dennison, its biggest acquisition to that time.[9] In 2015, it bought Worldmark, a British labelling company specializing in labels for the technology sector, for $255 million.[10] In 2016, it acquired Checkpoint Systems for $422 million.[11] In December 2016, CCL acquired Innovia Films Ltd, a British specialty films company, for $1.13 billion Canadian Dollars.[12] In 2017, it joined the S&P/TSX 60.[13]

Business

CCL provides labels and packaging products to various markets, including consumer product, healthcare, and industrial companies.[2] Specific markets served include the home product, personal care, food & beverage, pharmaceutical, apparel, industrial chemical, automotive, and electronics markets.[2] 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.[2]

Divisions

CCL Label

CCL's Label business is its largest business segment; contributing approximately 63% to CCL's total sales as of 2016.[2] 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] The company produces 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[2] and is a manufacturer of aluminum cans and beverage bottles in North America.

Avery

Contributing approximately 20% to CCL's total sales,[2] 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

  1. ^ "World-class specialty packaging | CCL Industries". www.cclind.com.
  2. ^ a b c d e f g h "CCL 2016 Annual Report" (PDF). Archived from the original (PDF) on 2017-10-06.
  3. ^ a b "CCL Industries quietly became the world's largest label-maker". Canadian Business – Your Source For Business News. 2016-07-06. Archived from the original on 2018-01-02. Retrieved 2018-01-01.
  4. ^ "Global specialty packaging company, largest label company in the world | CCL Industries". www.cclind.com. Retrieved 2018-01-01.
  5. ^ a b "CCL Industries – Annual Information Form 2016" (PDF). Archived from the original (PDF) on 2017-06-27.
  6. ^ CCL Industries Inc. 1980 Annual Report (PDF). CCL Industries Inc. 1981. p. 4.
  7. ^ "KCP pays $265M for CCL Custom". CBC News. Retrieved 2018-01-01.
  8. ^ "CCL Industries to sell interest in European JV – Canadian Plastics". Canadian Plastics. 2007-10-08. Retrieved 2018-01-01.
  9. ^ "CCL's acquisition of Avery assets to 'transform' company". The Globe and Mail. 2013-01-30. Retrieved 2018-01-01.
  10. ^ "Canadian firm buys Worldmark for £126m". BBC News. 2015-11-06. Retrieved 2018-01-01.
  11. ^ "Canada's CCL to buy anti-theft tag maker Checkpoint for $422 million". Reuters. 2016-03-02. Retrieved 2018-01-01.
  12. ^ "Plastic £5 note firm Innovia bought by Canada's CCL". BBC News. 20 December 2016. Retrieved 25 December 2016.
  13. ^ "S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices". www.newswire.ca. Retrieved 2018-01-01.