Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Feb. 26, 1:46 PM
|This Slide: #54 of 100|
Slide #54. CCL Industries Inc. — Rheinfelden Americas, LLC
CCL Industries Inc. (TSE:CCL.A.CA)
Rheinfelden Americas, LLC
CCL Industries Inc. (TSX:CCL.A.CA) (TSX:CCL.B.CA), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today it has acquired the remaining 50% interest in its aluminum slug venture, Rheinfelden Americas, LLC, for a nominal sum. The Company will now assume the $22.3 million of debt previously held in the venture that will transfer on close to the Company's fully consolidated balance sheet. Sales are currently 100% internal to CCL Container. The business will immediately change its name to CCL Metal Science.
CCL Industries in primarily involved in the manufacture of labels, containers and consumer printable media products. Co. has three reportable segments: Label, which includes the production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications; Avery, which includes the manufacturing and selling of various consumer products, including labels, binders, dividers, sheet protectors and writing instruments; and Container, which includes the manufacturing of specialty containers, with key product line is recyclable aluminum aerosol cans and bottles.
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