Jarvis Porter Group PLC has announced the sale of its labels operations to CCL Industries Inc. North America, for a total cash consideration of approximately £7 million (about $9.9 million). The businesses being sold by Jarvis Porter comprise the UK production operations in Leeds and Lewes, along with the French and Dutch labels companies, all of whom provide labels to the European consumer and healthcare markets.
The acquisition of Jarvis Porter’s labels operations will establish CCL Industries as one of Europe’s leading label manufacturers servicing major global consumer and healthcare companies. This is the first time CCL Industries has moved into the pressure sensitive market in Western Europe.
According to CCL President Geoff Martin, “This acquisition allows us to provide our global customers with a single source supply chain for innovative label packaging solutions throughout the NAFTA and EC trading blocks.” CCL will immediately change the name of the Jarvis Porter operations to trade under the CCL label banner. Stuart Lang, currently president of CCL Label Canada, will relocate to Leeds to head up the combined European, Canadian and Latin American businesses as president of CCL Label International.
CCL’s customers include producers of leading consumer brands in personal care, cosmetic, pharmaceutical, household and specialty food products. With headquarters in Toronto, Canada, CCL employs 7,500 people and operates 33 production facilities in North and Central America and in Europe. Peter Brady, Jarvis Porter Labels, will continue his role as sales and marketing director of CCL Label Europe.
As a reflection of a change in its activities, Jarvis Porter Group PLC will change its name to Grovebirch PLC. Michael Maher will remain as executive chairman.