CCL Industries Has Big Investment Plans

 

TORONTO, ON, CANADA | CCL Industries, a supplier of specialty label and packaging solutions, will invest $30 million in its CCL Design operations in the US and Mexico that focus on the automotive, electronics, and domestic appliance markets.

This investment includes the acquisition of the assets of INT America, a private company based in Detroit, MI, that has built a market for metal tread plates for domestic automotive OEMs using third-party component suppliers in Asia. The new business will trade as an integral part of CCL Design North America with immediate effect. INT posted 2014 sales of $15 million; CCL purchased the assets of the business for $4.75 million in cash effective February 6, 2015. CCL already acquired INT's associate company in Germany in 2013.

Additionally, CCL will build a greenfield plant in Guanajuato, Mexico, and will significantly expand its existing production facilities in the US in Clinton, SC, and Strongsville, OH. The company also will invest in new converting technologies to create additional capacity for functional labels, die-cut films, decorative laminates, and metal tread plates in the US and Mexico. Capital expenditures in the Mexican facility, plant expansions in the US, and equipment purchases will be made over the course of the next 18 months.

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