CCL Industries Inc.
TSX : CCL.A
TSX : CCL.B

CCL Industries Inc.

January 26, 2007 15:02 ET

CCL Industries Completes Acquisition of ITW Sleeve Label Business

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2007) -

Attention Business Editors:

CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B), a world leader in specialty packaging solutions for the consumer products and healthcare industries, announced today that it has completed the acquisition of the sleeve label business of Illinois Tool Works Inc. (ITW) that was announced January 10, 2007.

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. Additionally, the ITW Auto-Sleeve division has facilities in Austria and Brazil that produce primarily stretch-film sleeve labels for markets in Europe and the Americas, respectively. A sales, service and distribution arm operates from Twinsburg, Ohio to supply the North American market.

Shrink and stretch sleeve labels offer a flexible full body form of decoration, which is particularly effective for the highly shaped containers used in the premium food and beverage, and in the home and personal care segments of the market. 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.

CCL manufactures pressure-sensitive, shrink sleeve and in-mould labels, aluminum containers and plastic tubes for leading global companies in the home and personal care, healthcare and specialty food and beverage sectors. 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.

Statements contained in this Press Release, other than statements of historical facts, are forward-looking statements subject to a number of uncertainties that could cause actual events or results to differ materially from some statements made.

For more details on CCL, visit our web site - www.cclind.com.

Contact Information

  • CCL Industries Inc.
    Steve Lancaster
    Executive Vice President and
    Chief Financial Officer
    (416) 756-8517
    Website: www.cclind.com