CCL Industries acquires Bandfix for $18M
The Swiss label company will change its name to CCL Label, Switzerland.
TORONTO — CCL Industries Inc. is acquiring Swiss label company Bandfix AG for $18 million.
The privately owned company that focuses on European specialty customers (located near Zurich, Switzerland) has sales of $47 million for the 2014 calendar year.
Geoffrey Martin, president and CEO of label and packaging firm CCL Industries in Toronto, said Bandfix gives it a foothold in Switzerland, especially in the healthcare and specialty space.
He said the operation will change its trading name to CCL Label, Switzerland.
CCL Industries employs 10,100 people and operates 97 production facilities in 27 countries.