CCL Industries Acquires Pouch Partners in Expansion of Flexible Packaging Portfolio
CCL Industries Inc., a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, has announced the acquisition of Pouch Partners s.r.l., Italy, from Pouch Partners AG, Switzerland, a company owned by Swiss headquartered Capri-Sun Group.
Pouch Partners supplies highly-specialized, gravure printed & laminated, flexible film materials for pouch forming, including recyclable solutions. The debt free, all cash purchase consideration is $44 million, subject to customary adjustments at closing, scheduled for the 2023 third quarter. The new business will then trade as CCL Specialty Pouches and become an integral part of CCL Label's Food & Beverage unit in Europe.