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CCL Industries Acquires 100% of Rheinfelden Americas, LLC

The business will immediately change its name to CCL Metal Science.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

CCL Industries Inc. announced today it has acquired the remaining 50% interest in its aluminum slug venture, Rheinfelden Americas, LLC, for a nominal sum. The company will now assume the $22.3 million of debt previously held in the venture that will transfer on close to the company’s fully consolidated balance sheet. Sales are currently 100% internal to CCL Container. The business will immediately change its name to CCL Metal Science.

“We finally completed construction of our new aluminum slug plant in late 2019 following a fire at the facility in 2018, which interrupted the start-up,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc. “It is one of two suppliers serving the North American market and we expect to build our capability to handle customers both internally and externally. We expect the plant to be in start-up loss mode for much of 2020 but should move into profit in 2021.”

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