In 2006, CCL's proportional share of ColepCCL's sales was $182.7 million and the joint venture contributed $18.0 million of earnings before interest and taxes and $25.5 million in EBITDA to CCL's financial results.
Donald G. Lang, vice chairman and CEO of CCL Industries, says, " The proceeds from this transaction provide us with more flexibility to accelerate building the great franchises in our portfolio, which now make CCL a pure global specialty packaging company."
CCL manufactures pressure sensitive, shrink sleeve and in-mold labels, aluminum containers and plastic tubes for leading global companies in the home and personal care, healthcare and specialty food and beverage sectors.