The license agreement is effective January 1, 2012 and provides for the transfer of CCL technologies and the cooperation of both companies to leverage supplier and customer relationships. Dekopak will change its trading name to "CCL-Dekopak" and will operate under CCL Label's corporate identity system. CCL-Dekopak will complement CCL's existing European sleeve label operations in Austria, France and the United Kingdom.
Geoffrey T. Martin, president and CEO, says, "We have known and admired Peter's business for some time and are very pleased we have finally been able to cement this new relationship."
Peter Zegir, managing director of CCL-Dekopak, adds, "We are excited to have the support of the world's largest label company to bring new technologies to this fast growing emerging country that bridges Europe and Asia."
With headquarters in Toronto, Canada, CCL Industries now employs approximately 6,300 people in 68 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 and sells to leading global customers in the consumer packaging, healthcare, and consumer durable segments.