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Published November 30, -0001
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M&A
CCL recently acquired German label converter Eltex (specializing in making high-tech PS labels for the automotive and household appliance sectors), but the global downturn has not yet seen many mergers, acquisitions or disappearances among Europe’s 3,000 or so label converters. With many of them undercapitalized and only marginally profitable even before the crisis, some measure of concentration in the industry is almost certain to come about over the coming 12 months.
Bopack, a well run and profitable company among market leaders in France, Belgium and Holland, has recently divested itself of its labeling systems division (bought by fellow Belgian Zetes). It is rumored that Bopack’s very substantial label converting division is also up for sale, and that both German and American suitors are showing interest.



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