USA/CANADA • Treofan Americas business was sold to Canadian label manufacturer CCL Industries – this announced the owner of Treofan Holdings GmbH, the Italian investor M&C. The purchase price, including the acquisition of a new production line currently under construction, is approximately USD 251 million (approx. EUR 205 million). CCL Industries’ acquisition of Treofan Americas is expected to close in the second quarter of 2018, subject to regulatory approval and closure procedures.
In addition to the distribution in the markets of North, Central and South America – the American business of BOPP specialist Treofan also includes a production site in Zacapu, Mexico with a nominal capacity of 60,000 tons and approximately 300 employees. CCL Industries, the world’s largest manufacturer of labels with brands such as CCL Label and Avery, has announced that it will continue the existing Treofan business in America under the Innovia brand.
During the last few years, especially in 2016 and 2017, CCL Industries already acquired several companies worldwide. A selection of acquisitions of label companies through CCL Industries in 2016 and 2017: (for further details click on the respective post]:
If CCL Industries is continuining its way of growth like during the last two years, further acquistions will be announced worldwide.