Log In | Become a Member | Contact Us

Connect on Twitter | Facebook | LinkedIn

CCL Industries Acquires Majority Interest in Chilean Venture

Tuesday, January 21, 2014

Press release from the issuing company

Toronto – CCL Industries Inc. (“CCL”), a world leader in
specialty label and packaging solutions for global corporations, small businesses  and consumers, announced today that it has acquired an additional 12.5% interest in its Chilean wine label venture Acrus-CCL for US$1.2 million and now owns 62.5% of the equity. CCL’s partners, the Marinetti family, have a significant role in the venture so the business will continue to be treated on an equity accounting
basis. In the first quarter of 2014, CCL and its partners plan to inject a further US$5 million into the venture providing capital to add capacity and broaden market scope in Chile while expanding into new territories in the Andean region.

Geoffrey T. Martin, President & CEO of CCL Industries commented, “I’d like to take this opportunity to thank Mitch Kendall and David Goodman. While they have now exited their shareholder position in Chile, they played an important role in one of our more successful start-up ventures in Emerging Markets.”


Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free



Email Icon Email

Print Icon Print

Label & Packaging Editor

Jennifer Matt

Patrick Henry, Section Editor
Pat has covered graphic communications for nearly 30 years as a reporter, an editor, and a commentator.


Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved