CCL Industries Refocuses its South African Operations
TORONTO—April 23, 2013—CCL Industries, a world leader in specialty packaging and labeling solutions for the consumer products and healthcare industries, has opened a new sales, distribution and technical service center in Johannesburg to support its growing sales of pressure-sensitive labels for global beverage companies in the beer, spirits and soft drinks sector. CCL sales in this arena in South Africa exceeded $10 million in 2012 and are expected to grow. In addition the company has signed a binding agreement to sell its small wine label manufacturing operation in Stellenbosch, South Africa, to Bidvest, a South African public company, for approximately $1.25 million cash. Sales for this operation were approximately $3 million in 2012 with a nominal EBITDA. Closing is planned for May 1, 2013.
Guenther Birkner, president of the CCL food and beverage business expressed, "These changes will allow us to focus on our main mission in South Africa supporting our large global beer, spirits and soft drinks customers as we build our wine business in important territories around the world. We are also pleased to have found a good home for our plant in Stellenbosch to serve the local wine industry."
About CCL Industries
With headquarters in Toronto, Canada, CCL Industries currently employs approximately 6,600 people in 74 plants globally located to meet the sourcing needs of large international customers. CCL Label is the world's largest converter of pressure-sensitive and film materials for label applications and sells to leading global customers in the consumer packaging, healthcare, automotive and consumer durable segments. CCL Container and CCL Tube are leading producers of aluminum aerosol cans, bottles and extruded plastic tubes for the consumer products industry in North America.
Source: CCL Industries.