TORONTO -- CCL Industries Inc.(CCL.TO) says it will spend $255 million to buy the Treofan Americas operations in the United States, Latin America and Canada from M&C SpA of Italy.
The Toronto-based label, security and packaging firm says its purchase includes a plant that produces biaxially oriented polypropylene film, a kind of plastic wrap for packaging and labelling, in
Zacapu, Mexico, and a sales office and distribution centre in North Carolina, along with other offices.
It says Treofan Americas sales were approximately $212 million in 2017.
CCL CEO Geoffrey Martin says the acquired business will be combined with CCL's Innovia in the Americas business under a common brand and leadership.
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