CCL Industries

CCL Industries Inc.
Type	Public
Traded as	TSX: CCL.B S&P/TSX 60 Component
Industry	Packaging & Containers
Founded	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]
Net income	346 million C$ (2016)^[2]
Number of employees	20,000 (2016)
Website	www.cclind.com

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]

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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.