CCL takes majority stake in Chilean wine label venture

CCL Industries has acquired an additional 12.5 percent stake in its Chilean wine label venture Acrus-CCL for 1.2 million USD, giving it a 62.5 percent controlling share of the business.

CCL Industries has acquired an additional 12.5 percent stake in its Chilean wine label venture Acrus-CCL

CCL Industries’ partners, the Marinetti family, have a significant role in the venture so the business will continue to be treated on an equity accounting basis.

In the first quarter of 2014, CCL Industries and its partners plan to inject a further five million USD into the venture providing capital to add capacity and broaden market scope in Chile while expanding into new territories in the Andean region.

Related content