CCL realigns Canadian label business

Packaging and label supplier CCL Industries Inc. (Toronto) has announced two transactions that will help it to focus on its key markets in health care, personal care and specialty products. CCL sold its label manufacturing plant in Winnipeg, MA, to Color Ad Label, a privately held company with interests in flexible packaging and labels.
Published information indicates CCL Label Winnipeg produces plastic labels and shrink sleeves, and performs printing. The company had focused on local customers in Western Canada with sales of about $10 million. The purchase price was $7 million.
CCL also recently purchased Graphiques Apex Inc., a privately-held, Montreal-based manufacturer of instructional leaflets for the pharmaceutical industry. Graphiques Apex has annualized sales of about $4 million.
Headquartered in Toronto, CCL employs 6100 people and operates 37 production facilities in North America, Europe and Asia.