CCL buys Australia-based Graphitype Printing Services' pharma label business for AUD$ 7 million

CCL Industries Inc., a world leader in specialty packaging solutions for the consumer products and healthcare industries, has acquired the assets of the Pharmaceutical Division of Graphitype Printing Services, a privately owned printing company located near Sydney, Australia, for AUD$7 million in cash. The acquired business produces labels and patient instructional leaflets for leading pharmaceutical customers in Australia and will complement the existing CCL Label Healthcare operation in Melbourne.

, Division sales were AUD$7.3 million for the twelve month period ending June 30, 2012, with EBITDA of approximately AUD$2.5 million.

Dave and Kath Morris, the founders of Graphitype Printing Services, will continue to operate their commercial printing business as an independent company. Steve Morris, the business leader of the Pharmaceutical Division, has signed an employment agreement as part of the transaction and will join the Healthcare and Specialty group of CCL Label North America and Australia led by Jim Sellors, group vice president. The acquired business will immediately change its trading name to CCL Label.

Geoffrey Martin, president and CEO of CCL Industries said, “The Healthcare sector continues to be attractive for us and we have been very successful with similar acquisitions in this product space in the recent past. The excellent facility in Sydney and the great team assembled by the Morris family while building the business will strengthen our position in Australia with sites now located in both of the key pharmaceutical manufacturing centres in the country.”

With headquarters in Toronto, Canada, CCL Industries now employs approximately 6,400 people and operates 72 production facilities globally located to meet the sourcing needs of large international customers. CCL Label is the world’s largest converter of pressure sensitive and film materials for label applications and sells to leading global customers in the consumer packaging, healthcare, automotive and consumer durable markets.

CCL Industries acquires pharmaceutical label company in Chicago

CCL Industries Inc. (TSX:CCL.B), a major global specialty packaging producer, has acquired Thunder Press Inc., a privately owned label company near Chicago. The pricetag of the deal is about US$10 million in cash and assumed debt, CCL said Monday. The U.S. company operates under the Sertech brand name and had annual sales of US$11.2 million in 2010. The acquired company produces patient instructional leaflets for pharmaceutical customers in the United States. CCL Label manufactures similar products at its specialist factories in Baltimore Md., Canada and Puerto Rico. Sertech founders Jeff Adesko, William McDonough and Michael Bergeron have agreed to stay will the company under the new ownership. "The healthcare sector continues to be attractive for us and we have been very successful with similar acquisitions in this product space in the recent past in North America," said Geoffrey Martin, president and CEO of CCL. "The excellent Sertech facility in Chicago and the great team that Jeff assembled while building the business will also allow us to get closer in many respects to pharmaceutical customers based in the Midwest region." Toronto-based CCL Industries employs 5,900 people in 62 plants around the world making labels, aerosol cans, bottles and plastic tubes for customers in the consumer packaging, healthcare, automotive and consumer durable industries.