 | |
| Company type | Public |
|---|---|
| TSX: CCL.B S&P/TSX 60 Component | |
| Industry | Packaging & Containers |
| Founded | 1951; 75 years ago (1951)(as Connecticut Chemicals (Canada) Ltd) |
| Headquarters | Toronto, Canada &Framingham, Massachusetts[1] |
Number of locations | 199 factories |
Key people | Geoffrey T. Martin (CEO) |
| Revenue |  4.0 billion C$ (2016)[2] |
| 346 million C$ (2016)[2] | |
Number of employees | 20,000 (2016) |
| Website | cclind |
CCL Industries, Inc., is an American-Canadian company founded in 1951. It describes itself as the world's largestlabel maker.[3] It is listed on the Toronto Stock Exchange, and is anS&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]
CCL was founded in 1951 as Connecticut Chemicals (Canada) Limited. In 1979, the name was changed to CCL Industries.[5] It originally focused oncustom 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 theToronto 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 companyRAR, for $140 million.[8] In 2013, it acquired Avery for $500 million fromAvery 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 theS&P/TSX 60.[13]
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]
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 ofpressure-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.
Container business contributes approximately 6% to CCL's total sales[2] and is a manufacturer of aluminum cans and beverage bottles in North America.
Contributing approximately 20% to CCL's total sales,[2] Avery was acquired fromAvery Dennison in 2013 and supplies media for use in digital printers.
Acquired in 2016, Checkpoint contributes approximately 11% of CCL's total sales. It providesloss-prevention andinventory management labelling for clothing retailers.
Acquired in December 2016, Innovia manufactures specialty films for packaging, labelling, graphic arts and industrial products.