Converting Magazine

Label newsbites
CCL buys ITW's sleeve-label converting biz Toronto, Canada-based converter CCL Industries, Inc. (www.cclind.com), agrees Jan. 10 to acquire the sleeve-label making business of Illinois Tool Works, Inc., for about US$123 million in cash. ITW produces shrink-film sleeve labels for the European and North American markets in two factories at its Decorative Sleeves Div.

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