CCL wraps sleeve acquisition

CCL Industries has completed the acquisition of the sleeve label business of Illinois Tool Works (ITW). ITW produces shrink-film sleeve labels for the European and North American markets in two factories at its decorative sleeves division in the United Kingdom. Additionally, the ITW Auto-Sleeve division has facilities in Austria and Brazil that produce primarily stretch-film sleeve labels for markets in Europe and the Americas, respectively. A sales, service and distribution arm operates from Twinsburg, Ohio, to supply the North American market.

The combination of CCL Label’s sleeve product lines with those of ITW will make CCL one of the global leaders in this fast growing segment of the label industry.

Further extending its Asia-Pacific reach, CCL has opened a sales office in Japan. In a press briefing, the company predicted that Asia's share of its total business will rise from 5 per cent today to 20 per cent over the next 5-6 years.