CCL Industries Inc. is a

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...

-based company founded in 1951. It describes itself as the world's largest

label A label (as distinct from signage) is a piece of paper, plastic film, cloth, metal, or other material affixed to a container or product, on which is written or printed information or symbols about the product or item. Information printed ...

maker. It is listed on the Toronto Stock Exchange, and is an

S&P/TSX 60 The S&P/TSX 60 Index is a stock market index of 60 large companies listed on the Toronto Stock Exchange. Maintained by the Canadian S&P Index Committee, a unit of Standard & Poor's, it exposes the investor to nine industry sectors. Combined wit ...

Component. CCL consists of five divisions – CCL Label, CCL Container, Avery, Checkpoint, and Innovia. It has 154 manufacturing facilities in North America, Latin America, Europe, Asia, Australia and Africa operated by approximately 20,000 employees.

History

CCL was founded in 1951 as Connecticut Chemicals (Canada) Limited. In 1979, the name was changed to CCL Industries. It originally focused on custom manufacturing for the Canadian consumer products industry. Starting in the 1980s, it expanded into labels and other packaging, and also expanded internationally into the United States and the United Kingdom. It went public on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...

in 1999. In the 2000s, it started shifting away from custom manufacturing and towards labels and packaging; in 2005, it sold its custom manufacturing business to KCP Income Fund for $256 million. In 2006, it sold its interest in ColepCCP, a European custom manufacturing joint venture with Portuguese company RAR, for $140 million. In 2013, it acquired Avery for $500 million from

Avery Dennison Avery Dennison Corporation is a multinational manufacturer and distributor of pressure-sensitive adhesive materials (such as self-adhesive labels), apparel branding labels and tags, RFID inlays, and specialty medical products. The company is ...

, its biggest acquisition to that time. In 2015, it bought Worldmark, a British labelling company specializing in labels for the technology sector, for $255 million. In 2016, it acquired Checkpoint Systems for $422 million. In December 2016, CCL acquired Innovia Films Ltd, a British specialty films company, for $1.13 billion Canadian Dollars. In 2017, it joined the

Business

CCL provides labels and packaging products to various markets, including consumer product, healthcare, and industrial companies. Specific markets served include the home product, personal care, food&beverage, pharmaceutical, apparel, industrial chemical, automotive, and electronics markets. As of 2016, 5% of sales were in Canada, 46% were in the United States, 7% were in Latin America, 28% were in Europe, and the other 14% were in Asia-Pacific and Africa.

Divisions

CCL Label

CCL's Label business is its largest business segment; contributing approximately 63% to CCL's total sales as of 2016. The Label Division provides package decorating solutions and specialty label applications for global customers. CCL Label is one of the world's largest converters of pressure-sensitive and film materials. The company produces a wide range of labelling products including expanded content, 2-ply, WashOff, Shrink Sleeves, RFID and promotional pieces.

CCL Container

Container business contributes approximately 6% to CCL's total sales and is a manufacturer of aluminum cans and beverage bottles in North America.

Avery

Contributing approximately 20% to CCL's total sales, Avery was acquired from

in 2013 and supplies media for use in Digital printers.

Checkpoint Systems Checkpoint Systems is an American company that specializes in loss prevention and merchandise visibility for retail companies. It makes products that allow retailers to check inventory, quicken the replenishment cycle, prevent out-of-stocks and ...

Acquired in 2016, Checkpoint contributes approximately 11% of CCL's total sales. It provides loss-prevention and

inventory management Field inventory management commonly known as inventory management is the function of understanding the stock mix of a company and the different demands on that stock. The demands are influenced by both external and internal factors and are balan ...

labelling for clothing retailers.

Innovia Films Ltd

Acquired in December 2016, Innovia manufactures specialty films for packaging, labelling, graphic arts and industrial products.

References

External links

* * Toronto Stock Exchange: {{Authority control Companies listed on the Toronto Stock Exchange Packaging companies of Canada Manufacturing companies based in Toronto Manufacturing companies established in 1951 Canadian companies established in 1951