CCL Industries Completes Acquisition of ITW Sleeve Label Business

The Canadian company group CCL Industries Inc. has announced the acquisition of the sleeve label business of Illinois Tool Works Inc. (ITW). ITW produces shrink-film sleeve labels for the European and North American markets in two factories at its Decorative Sleeves division in the United Kingdom as well as primarily stretch-film sleeve labels in Austria and Brazil with annual sales of € 57 m in 2006.



The combination of CCL Label s sleeve product lines with those of ITW will make CCL one of the global leaders in a fast growing segment of the label industry. With headquarters in Toronto, Canada, CCL Industries employs more than 4,900 people and operates 49 production facilities in North America, Europe, Latin America and Asia. CCL s joint venture, ColepCCL operates five plants in Europe and employs approximately 1,800 people.