CCL purchases ITW sleeve label business

Toronto, Ont.-based plastics packager CCL Industries Inc. has acquired the sleeve label business of manufacturing company Illinois Tool Works Inc. (ITW), which is headquartered in Glenview, Ill.
ITW’s shrink-film sleeve labels segment produces shrink-film labels for the European and North American markets in two factories at its Decorative Sleeves division in the U.K. The ITW Auto-Sleeve division, also included in the transaction, has facilities in Austria and Brazil, as well as a sales, service and distribution arm in Twinsburg, Ohio.
“The combination of CCL’s label sleeve product lines with those of ITW will make CCL one of the global leaders in a fast growing segment of the label industry,” CCL said in a statement.
CCL Industries employs more than 4,900 people and operates approximately 50 production facilities in North America, Latin America and Asia.