Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 CCL Industries Completes Checkpoint Systems Acquisition - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

CCL Industries Completes Checkpoint Systems Acquisition

An all-cash transaction valued at approximately $532.3 million.

Author Image

By: DAVID SAVASTANO

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

CCL Industries Inc. confirmed that it completed the acquisition of Checkpoint Systems, Inc., previously announced on March 2, 2016 for an all-cash transaction valued at approximately $532.3 million, including estimated net cash of $43.4 million.
 
The boards of directors of both companies unanimously recommended the transaction prior to the March 2, 2016 announcement and subsequently received approval from U.S. and German anti-trust regulators. On May 11, 2016 a significant majority of Checkpoint shareholders voted in favor of the acquisition and so today the transaction was closed.
 
“We are pleased with the overwhelming support we received from Checkpoint’s shareholders and also welcome their employees to CCL,” said Geoffrey T. Martin, president and CEO of CCL. “ Financial results will be reported as a separate segment of CCL with the acquired business continuing to trade externally under the Checkpoint brand.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters