Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Three Transactions for CCL Label

Acquired Woelco AG, Label Art Ltd. and Label Art Digital Ltd.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has concluded two acquisitions for CCL Label plus increased its stake in one of its joint ventures.   CCL acquired Woelco AG, a supplier of durable labeling systems for industrial and automotive customers based near Stuttgart with subsidiary operations in both the US and China. The $27 million net cash purchase consideration includes a state-of-the-art manufacturing facility held in a related German property company. The company’s 2015 sales were $31 milli...

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