FDBusiness.com

CCL Industries abandons takeover of John Watson & Co

 Breaking News
  • Danone Investing €280 Million at Evian Production Site Danone has opened a state-of-the-art production facility at Evian-les-Bains in the French Alps to support the future growth of evian, the international water brand that is sold in more than 140 countries. After six years of construction and transformation, the new look site combines greater operational efficiency, new technology and the highest quality processes with [...]...
  • European Grocery Shoppers Become Digital Infoseekers as Cost of Shopping Continues to Rise According to a survey of European shoppers by IRI, the big data and technology expert for consumer industries, the increasing use of the Internet, particularly via smart phones, is helping shoppers to find information on promotions and offers that will help them reduce the cost of their grocery shop. The survey, which was conducted among shoppers [...]...
  • California Almonds Continue to Inspire New Products Worldwide New data from Innova Market Insights reveals that California almonds were the number one nut used in new products worldwide in 2016, the tenth year that almonds have held the lead position for nuts used in new product introductions. According to the Innova Global New Products Report, almonds were featured in 38 percent of new [...]...
  • Premium Shelf Presentation – Marel Linerless Wraparound Labeler Consumers feel much more tempted to buy poultry meat products when trays are attractively packed and labeled. It is therefore of high importance to present a premium presentation. The new Marel M360 labeler will provide wrap-around labels with great shelf impact. Marel’s M360 standard wrap-around labeler makes use of the latest technologies in flexible linerless labeling. [...]...
  • Springhill Farms Upgrade – Biomethane to the Grid and CO2 to the Tomatoes In the heart of the English countryside, Springhill Farms makes the very most of agricultural waste. Upgraded biogas is injected into the national gas grid, while the carbon dioxide (CO2) by-product goes straight to the farms’ tomato greenhouses. The gas produced during anaerobic digestion consists roughly of 60 percent methane and 40 percent CO2. Until recently, [...]...

CCL Industries abandons takeover of John Watson & Co

January 27
12:20 2013

Labels multinational CCL Industries has pulled out of a deal to acquire John Watson & Co, the Scottish spirits label specialist

The news comes as the Canadian labelling giant announced that it had plans to buy two business units from Avery Dennison for $500 million cash.

In a statement about pulling out from the John Watson & Co deal, CCL said that both parties were “unable to reach agreement on contractual terms, and jointly decided to terminate further discussions”.

The deal was announced in November last year and had been expected to be completed in early 2014.

CCL had promised to invest in John Watson & Co, which is based in Glasgow and has turnover of around £12m, primarily in the spirits industry.

CCL Industries said its label division will continue to service the spirits industry in Scotland from its existing UK operations in East Kilbride and Castleford.

CCL employs 6,600 people and has 75 plants globally. In relation to its Avery Dennison business unit takeover plans, Geoffrey Martin, president and chief executive of CCL Industries, said, “This acquisition has the potential to transform our company at many levels.

“We are acquiring the Avery brand as part of the transaction to build on the franchise established for many decades for labels and other printable media that consumers and businesses use in digital computer printers around the world.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 22, 2017Global Summit on Food & Beverages
  • September 26, 2017FHM2017
  • September 26, 2017POWTECH
  • October 7, 2017ORGANIC TRADE FORUM 2017 (Anuga)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements