CCL Industries Refocuses Its South African Operations
23 Abril 2013 - 3:30PM
Marketwired
CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B), a world leader in
specialty packaging and labeling solutions for the consumer
products and healthcare industries, announced today that it has
opened a new sales, distribution and technical service centre in
Johannesburg to support its growing sales of pressure sensitive
labels for global beverage companies in the beer, spirits and soft
drinks sector. CCL sales in this arena in South Africa exceeded $10
million in 2012 and are expected to grow. In addition the Company
has signed a binding agreement to sell its small wine label
manufacturing operation in Stellenbosch to Bidvest, a South African
public company, for approximately $1.25 million cash. Sales for
this operation were approximately $3 million in 2012 with a nominal
EBITDA. Closing is planned for May 1, 2013.
Guenther Birkner, President of the CCL Food & Beverage
business said, "These changes will allow us to focus on our main
mission in South Africa supporting our large global beer, spirits
and soft drinks customers as we build our Wine business in
important territories around the world. We are also pleased to have
found a good home for our plant in Stellenbosch to serve the local
wine industry."
With headquarters in Toronto, Canada, CCL Industries currently
employs approximately 6,600 people in 74 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.
This press release contains forward-looking information and
forward-looking statements, as defined under applicable securities
laws, (hereinafter collectively referred to as "forward-looking
statements") that involve a number of risks and uncertainties.
Forward-looking statements include all statements that are
predictive in nature or depend on future events or conditions.
Forward-looking statements are typically identified by the words
"believes," "expects," "anticipates," "estimates," "intends,"
"plans" or similar expressions. Statements regarding the
operations, business, financial condition, priorities, ongoing
objectives, strategies and outlook of the Company, other than
statements of historical fact, are forward-looking statements.
Specifically, this press release contains forward-looking
statements regarding the anticipated completion and success of the
new service centre and the expected sale of the Stellenbosch
operation; and the Company's expectations regarding general
business and economic conditions. Forward-looking statements are
not guarantees of future performance. They involve known and
unknown risks and uncertainties relating to future events and
conditions including, but not limited to, the evolving global
financial crisis and its impact on the world economy and capital
markets; the impact of competition; consumer confidence and
spending preferences; general economic and geopolitical conditions;
currency exchange rates; interest rates and credit availability;
technological change; changes in government regulations; risks
associated with operating and product hazards; and CCL's ability to
attract and retain qualified employees. Do not unduly rely on
forward-looking statements as the Company's actual results could
differ materially from those anticipated in these forward-looking
statements.
Forward-looking statements are also based on a number of
assumptions, which may prove to be incorrect, including, but not
limited to, assumptions about the following: global economic
recovery and higher consumer spending; improved customer demand for
the Company's products; continued historical growth trends, market
growth in specific segments and entering into new segments; the
Company's ability to provide a wide range of products to
multinational customers on a global basis; the benefits of the
Company's focused strategies and operational approach; the
achievement of the Company's plans for improved efficiency and
lower costs, including stable aluminum costs; the availability of
cash and credit; fluctuations of currency exchange rates; the
Company's continued relations with its customers; and general
business and economic conditions. Should one or more risks
materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied in
the forward-looking statements. Further details on key risks can be
found in the MD&A section of CCL's 2012 Annual Report,
particularly under Section 4: "Risks and Uncertainties." CCL's
annual and quarterly reports can be found online at www.cclind.com
and www.sedar.com or are available upon request. Except as
otherwise indicated, forward-looking statements do not take into
account the effect that transactions or non-recurring or other
special items announced or occurring after the statements are made
may have on CCL's business. Such statements do not, unless
otherwise specified by the Company, reflect the impact of
dispositions, sales of assets, monetizations, mergers,
acquisitions, other business combinations or transactions, asset
write-downs or other charges announced or occurring after
forward-looking statements are made. The financial impact of these
transactions and non-recurring and other special items can be
complex and depends on the facts particular to each of them and
therefore cannot be described in a meaningful way in advance of
knowing specific facts. The forward-looking statements are provided
as of the date of this press release and the Company does not
assume any obligation to update or revise the forward-looking
statements to reflect new events or circumstances, except as
required by law.
For more details on CCL, visit our website - www.cclind.com
Contacts: CCL Industries Inc. Sean Washchuk Senior Vice
President and Chief Financial Officer 416-756-8526 CCL Industries
Inc. Geoffrey T. Martin President and Chief Executive Officer
508-270-3404 www.cclind.com
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