Latest news with #CCL
Yahoo
4 hours ago
- Business
- Yahoo
CCL Industries Announces Bolt-on Acquisition for Avery
TORONTO, ON / / June 2, 2025 / CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) ("the Company" or "CCL"), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that it has acquired Humphreys Holdings Limited, doing business as We Print Lanyards, a privately owned designer and manufacturer of custom lanyards, name badges and ID cards, based in Long Eaton, United Kingdom. Sales for the financial year 2024 were $4.1 million with an estimated 25% adjusted EBITDA margin. The debt free, all cash consideration, is approximately $5.6 million, subject to customary closing conditions. Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, "This acquisition continues to build on Avery's rapidly growing portfolio of access control, badging and credentials technologies, products and brands focused on the retail, hospitality, live events and conferencing markets." Forward-looking Statements This press release contains forward-looking information and forward-looking statements (hereinafter collectively referred to as "forward-looking statements"), as defined under applicable securities laws, that involve a number of risks and uncertainties. Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions. Forward-looking statements are typically identified by the words "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. Statements regarding the operations, business, financial condition, priorities, ongoing objectives, strategies and outlook of the Company, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance. They involve known and unknown risks and uncertainties relating to future events and conditions including, but not limited to, the impact of competition; consumer confidence and spending preferences; general economic and geopolitical conditions; currency exchange rates; interest rates and credit availability; technological change; changes in government regulations; risks associated with operating and product hazards; and the Company's ability to attract and retain qualified employees. Do not unduly rely on forward-looking statements as the Company's actual results could differ materially from those anticipated in these forward-looking statements. Forward-looking statements are also based on a number of assumptions, which may prove to be incorrect, including, but not limited to, assumptions about the following: global economic environment and higher consumer spending; improved customer demand for the Company's products; continued historical growth trends, market growth in specific sectors and entering into new sectors; the Company's ability to provide a wide range of products to multinational customers on a global basis; the benefits of the Company's focused strategies and operational approach; the achievement of the Company's plans for improved efficiency and lower costs, including stable aluminum costs; the availability of cash and credit; fluctuations of currency exchange rates; fluctuations in resin prices; the Company's continued relations with its customers; the Company's estimated annual cost; and economic conditions. Should one or more risks materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking statements. Further details on key risks can be found in the Management's Discussion and Analysis section of the 2024 Annual Report, particularly under Section 4: "Risks and Uncertainties." CCL Industries Inc.'s annual and quarterly reports can be found online at and on SEDAR+ at or are available upon request. Except as otherwise indicated, forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made may have on the Company's business. Such statements do not, unless otherwise specified by the Company, reflect the impact of dispositions, sales of assets, monetizations, mergers, acquisitions, other business combinations or transactions, asset write-downs or other charges announced or occurring after forward-looking statements are made. The financial impact of these transactions and non-recurring and other special items can be complex and depends on the facts particular to each of them and therefore cannot be described in a meaningful way in advance of knowing specific facts. The forward-looking statements are provided as of the date of this press release and the Company does not assume any obligation to update or revise the forward-looking statements to reflect new events or circumstances, except as required by law. The financial information presented herein has been prepared on the basis of IFRS for financial statements and is expressed in Canadian dollars unless otherwise stated. For more information on Humphreys Holdings Limited, visit - For more information on CCL, visit our website - or contact: Sean WashchukSenior Vice President and Chief Financial Officer416-756-8526 Business Description CCL Industries Inc. employs approximately 26,300 people operating 213 production facilities in 42 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL is the world's largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets. Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world's largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments. SOURCE: CCL Industries Inc. View the original press release on ACCESS Newswire
Business Standard
12 hours ago
- Business
- Business Standard
P4s Go Phygital with EQUIPPP & SMAAX
NewsVoir Hyderabad (Telangana) [India], June 2: EQUIPPP (Expression of Equity Interest in Public and Private Partnerships) facilitates the evolution of Public-Private-People Partnerships (P4s), as the name suggests, between governments, organizations, local bodies, social impact investors, CSR foundations, and others by offering suitable and customized solutions powered by technology and finance. SMAAX Digitech Pvt. Ltd. ("SMAAX") is a high-impact IP-led media-tech company and the exclusive operator of South Indian International Movie Awards (SIIMA), Celebrity Cricket League (CCL), and several upcoming initiatives, including INCA and the Streaming Academy Awards. EQUIPPP and SMAAX have partnered to combine their respective strengths to foster and evolve Public-Private-People Partnerships (P4s) in the domains of entertainment, sports, and the rural creator economy, further augmenting EQUIPPP's ongoing efforts in the social impact ecosystem. To strengthen this relationship--approved in principle by EQUIPPP's Board at its meeting held on 30th May 2025--EQUIPPP will acquire a 51% equity stake in SMAAX and initiate a strategic infusion of Rs15 crore. This will help consolidate ownership and establish strategic control over SMAAX's growing media-tech portfolio, which includes SIIMA, CCL, INCA (Indian National Cine Academy), and the Streaming Academy Awards. The enterprise value of SMAAX post-consolidation is capped at Rs150 crore, ensuring a structured and aligned growth roadmap for both entities. EQUIPPP is now synonymous with P4, a framework that is gaining national momentum. Both the Telugu states, which boast a successful diaspora across the globe, are adopting the P4 approach to advance their holistic development goals. This is evident from Telangana's recent "by the industry, for the industry" BFSI skill development program implemented in P4 mode and shaped by EQUIPPP, as well as initiatives like leveraging philanthropic and CSR capital through T-Fiber to connect 26,000 schools with internet access. The Government of Andhra Pradesh has adopted P4 as a policy to alleviate poverty, while the Government of Madhya Pradesh is actively pursuing outcome-based funding models. This partnership will initially focus on co-developing P4s across sectors such as entertainment, sports, and the rural creator economy through a Phygital model. Vindhya Dronamraju, Wholetime Director, EQUIPPP said, "EQUIPPP was registered as a trademark with GOI in 2015 as an online platform connecting people to intercommunicate and post interests and intentions regarding equity participation, grants, or donations for common social causes. Further, in 2019, we collaborated with Columbia University Press's Social Value Investing Framework authors and launched their book in India, which explains the cross-sector collaboration approach." Further she noted that "I am happy to see that, after 10 years, there is finally light for this collaboration framework of P4 which is synonymous to EQUIPPP in thought and spirit. We are excited to join hands with SMAAX, as the verticals of sports and entertainment will bring greater visibility to P4s and make them truly Phygital." Vishnu Vardhan Induri, Director, SMAAX said, "This partnership with EQUIPPP enables us to turn powerful ideas into tangible impact using the P4 model. We will jointly launch Balloon Theatres under the P4 framework where the cinema spaces will be operated in collaboration with local entrepreneurs and CSR partners, offering revenue-sharing models and community ownership." He further said that "In parallel, we will use the P4 approach to establish Rural Sports Leagues, in sports such as Kabaddi, Cricket, Volleyball, and Athletics. These leagues will be co-owned by private partners, supported by local governments, and managed by rural entrepreneurs. Together, EQUIPPP and SMAAX aim to build the new operating system for P4s--powered by creativity, collaboration, and cultural capital--enabling sector-wise and geography-wise participation through truly Phygital formats." (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
Hans India
19 hours ago
- Hans India
Maoists torch mining vehicles in Hazaribagh, youth injured in firing
Hazaribagh: Armed militants of the banned outfit Tritiya Sammelan Prastuti Committee (TSPC) torched two vehicles belonging to BGR Mining Company and opened indiscriminate fire in Jharkhand's Hazaribagh district on Sunday night, leaving a youth injured and triggering panic in the area, officials said on Monday. The incident took place near Pagar-Pandu village in the Keredari police station limits. BGR Mining is involved in coal extraction work under the KD (Khalari-Dakra) project of Central Coalfields Limited (CCL). The militants targeted the company's vehicles parked at the site and fled after setting them ablaze. Eyewitnesses said the attackers, part of an armed squad, fired randomly before escaping into the nearby forests. A youth caught in the gunfire sustained injuries and was taken to the hospital for medical treatment. His condition is said to be stable. Security forces recovered a pamphlet from the scene, purportedly issued by TSPC's sub-zonal commander Kaushal. In it, the group warned NTPC, CCL, L&T, and other contractor firms not to begin any operations without prior "permission" from the organisation. The pamphlet threatened more severe action if the warning is ignored. The TSPC claimed in the note that it is working in the interest of local tribals and the general public. It accused the government of harassing innocent villagers under the pretext of anti-Maoist operations and described its own activities as a fight against exploitation. Following the attack, police from the Pagar outpost, led by in-charge Vicky Thakur, reached the spot and launched a search operation. Patrolling has been intensified in the region, and a probe is underway. Suspected individuals are being questioned. The incident has sparked fear among workers associated with mining operations in Keredari and surrounding areas. Similar incidents have been reported in recent weeks. In early May, Maoists torched six vehicles and two excavators at a mining site in Turisat village under Chandwa police station limits in Latehar district. Just a week ago, militants of the People's Liberation Front of India (PLFI) set fire to two vehicles, including a road roller, involved in a road construction project in Khunti district's Rania area.
Time of India
3 days ago
- Business
- Time of India
High Court: Denial of childcare leave violation of law
High Court: Denial of childcare leave violation of law KOLKATA: Calcutta high court rapped a city college for cancelling an economics professor's child care leave (CCL) of six months, availed to look after her one year old twin daughters, and withholding her salary for the period. "If nourishing years of the two infants are not the right time to grant CCL to petitioner, then one wonders whether the governing body of the college was trying to save it for a later period, when there may possibly be no need for such leave," Justice Jay Sengupta observed in his May 19 order. HC directed Calcutta Girls College authorities to sanction 189 days of CCL to the assistant professor, and release her salary dues for the period within six weeks. Denying the petitioner such leave would amount to flouting the applicable law, the bench ruled. The professor approached the high court after the college, in a decision on Jan 11, 2024, rejected her CCL availed from Jan 11 to July 18, 2023, and directed her to refund the salary received during that period. The petitioner stated that she took maternity leave of 180 days from Nov 12, 2021 to May 10, 2022. She gave birth to the twins via C-section on Nov 26, 2021. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Что происходит при сжигании лаврового листа? Undo She returned to work on May 11, 2022, and on the same day, applied for child care leave to look after her daughters at her Siliguri home, as her husband was abroad and elderly parents-in-law were ill. She was granted and availed CCL from Jan 11 to July 18, 2023. Suffering from post-pregnancy issues, she again applied for CCL from July 21 to Oct 31, 2023, which was sanctioned, and leave without pay from Nov 1, 2023 to Feb 29, 2024, which was approved. She resumed duties on March 1, 2024. According to the rules outlined in the memorandum of Jan 18, 2016, a woman employee is entitled to child care leave for a period of two years, i.e., 730 days, during her entire service period, until the eldest two of her children reach the age of 18 years. She can apply three times within a year, or apply at once for one year. The college submitted that petitioner went on CCL from Jan 11 to July 18, 2023, "without following the proper rules, as per Calcutta University statutes and Acts", and her salary for the disputed period was stopped "due to her unauthorised leave". However, the judge rejected the arguments and noted that the petitioner was well within her rights to claim CCL, and there was no reason for the college governing body not to have considered her application favourably.
Time of India
3 days ago
- General
- Time of India
Give childcare leave when mom, child need it: Cal HC
1 2 3 Kolkata: Calcutta High Court rapped Calcutta Girls' College for denying to grant child care leave (CCL) of 189 days to an economics assistant professor for looking after her 13-month-old twin daughters. "If the nourishing years of the two infants are not the right time to grant CCL to the petitioner, then one wonders whether the Governing Body of the College was trying to save it for a later period when there may possibly be no need for such leave. Denying the petitioner such leave for the said period would amount to indirectly flouting the applicable law in this regard," Justice Jay Sengupta said on May 19. Justice Sengupta directed the college authorities to sanction the 189 days of CCL and release the salaries due for such a period within six weeks. The assistant professor approached the HC seeking to overturn the decision of Calcutta Girls' College made on Jan 11, 2024, which rejected her child care leave from Jan 11, 2023 to July 18, 2023, and directed her to refund the salary received during that period. She conceived in March 2021. Suffering from pregnancy-related complications, she took maternity leave for 180 days, from Nov 12, 2021 to May 10, 2022. She gave birth via caesarean to twin daughters on Nov 26, 2021. She returned to work on May 11, 2022, and on the same day, she applied for child care leave to look after her daughters at her Siliguri home, as her husband was abroad and her elderly parents-in-law were ill. Suffering from post-pregnancy complications, she applied for CCL from July 21, 2023 to Oct 31, 2023, which was sanctioned, and leave without pay from Nov 1, 2023 to Feb 29, 2024, which was also approved. She resumed duties on March 1, 2024. According to the rules outlined in the memorandum of Jan 18, 2016, a female employee is entitled to child care leave for a period of two years, i.e., 730 days, during her entire service period, until the eldest two of her children reach the age of 18 years. She can apply three times within a year or apply at once for one year. The judge stated that there was no reason for the governing body not to have considered her application favourably and not to sanction the disputed days of CCL. She was within her rights to claim CCL, the judge noted.
