CCL acquires McGavigan Holdings to expand its portfolio
CCL Industries Inc. revealed in January of 2022 that it has acquired McGavigan Holdings Ltd, a privately owned supplier of in-mold decorated components. Previously being familiar with the organization, CCL will benefit from McGavigan’s UK manufacturing plant as well as its newly constructed greenfield facility in China which features technical screen printing, high precision forming, injection molding and automation technologies. The strategic move will expand CCL’s presence in China’s automotive sector and will additionally add to CCL Design’s product portfolio.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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