Canadian Plastics

CCL unloads North American manufacturing division (July 01, 2005)

Canadian Plastics   



CCL Industries Inc. (Toronto, ON) has completed its metamorphosis into a specialty packaging firm after selling its North American manufacturing division to KCP Income Fund for $273 million in cash....

CCL Industries Inc. (Toronto, ON) has completed its metamorphosis into a specialty packaging firm after selling its North American manufacturing division to KCP Income Fund for $273 million in cash.

In 2004, CCL’s manufacturing division earned $604.6 million and accounted for $26.6 of CCL’s operating income.

But even without its manufacturing division, CCL’s earnings are expected to exceed $1 billion in 2005, the company said.

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