CCL acquires SA wine label plant

The Western Cape plant has changed its trading name to 'CCL Label Cape' while its former parent company continues to trade independently as 'Ferroprint'.

The acquired business is based in the wine growing region of Stellenbosch, South Africa, and specialises in Pressure Sensitive Labels.

Geoffrey Martin, President and CEO of CCL Industries said, “South Africa is a strategic market for our global beverage business, which we serviced through a local sales company importing from our European & Australian facilities. This bolt on acquisition gives us a manufacturing presence to build our position in this important beverage market at an attractive valuation for shareholders.”

With headquarters in Toronto, Canada, CCL Industries now employs approximately 5,400 people and operates 55 production facilities globally located to meet the sourcing needs of large international customers. CCL Label is ostensibly 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 markets.

CCL Container and CCL Tube are leading producers of aluminum aerosol cans, bottles and extruded plastic tubes for consumer packaged goods customers in the United States, Canada and Mexico.