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Article: CCL to acquire S. African label company.(INDUSTRY NEWS)
- Article from:
- Label & Narrow Web
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CCL Industries Inc., Toronto, ON, Canada, has signed a binding agreement to acquire the shares of Ferroprint Western Cape (Pty) Ltd., a wholly owned subsidiary of Ferroprint (Pty) Ltd., based in Durban, South Africa. Ferroprint Western Cape will immediately change its trading name to CCL Label, while its former parent company will continue to trade as Ferroprint.
The acquired business has a factory near Cape Town in the wine growing region of Stellenbosch, South Africa. For the past 12 months, estimated revenues were CAN$3.3 million. The debt-cash free purchase price will be $2.7 million, representing the approximate value of tangible assets of the acquired ...
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...The Canadian-based CCL Industries is purchasing the Kolmar Group ... Aerosol Group in North America CCL industries describes itself as the leading ... its aggressive organic growth CCL industries has expanded through a successful ...
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