CCL Industries and John Watson & Co. End Plans To Combine UK Spirit Label
TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- 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 will not acquire John Watson & Co. Ltd., a
producer of labels for leading distillers of Scotch whisky and other
spirits based in Glasgow. The proposed transaction was previously
disclosed November 20, 2012, but the parties were subsequently unable
to reach agreement on contractual terms, and jointly decided to
terminate further discussions.
CCL Label will continue to service the spirits industry in Scotland
from its existing UK operations in East Kilbride and Castleford.
With headquarters in Toronto, Canada, CCL Industries now employs
approximately 6,600 people in 75 plants 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
segments. CCL Container and CCL Tube are leading producers of
aluminum aerosol cans, bottles and extruded plastic tubes for the
consumer products industry in North America.
For more details on CCL, visit our website - www.cclind.com.
CCL Industries Inc.
Senior Vice President and Chief Financial Officer
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