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Fourth quarter sales increased 16.6% supported by 7.7% CCL organic growth and 4.0% at Checkpoint.
February 23, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. reported record fourth quarter and annual financial results for 2017. Sales for the fourth quarter of 2017 increased 16.6% to $1,234.5 million, compared to $1,058.4 million for the fourth quarter of 2016, with 3.9% organic growth and 14.9% acquisition growth, primarily driven by the Innovia Group of companies acquired on Feb. 28, 2017, partially offset by 2.2% negative foreign currency translation. Operating income for the fourth quarter of 2017 was $205.1 million, an in...
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