Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  CCL Industries Inc.    CCL.B   CA1249003098

CCL INDUSTRIES INC. (CCL.B)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

German packaging group Constantia Labels up for sale: sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/12/2017 | 03:11pm CEST

FRANKFURT (Reuters) - Buyout group Wendel (>> Wendel) has put German packaging group Constantia Labels up for sale in a deal that could be worth more than 1 billion euros ($1.1 billion), as it seeks cash for investments in a sister company, two people familiar with the matter said.

FRANKFURT (Reuters) - Buyout group Wendel (>> Wendel) has put German packaging group Constantia Labels up for sale in a deal that could be worth more than 1 billion euros ($1.1 billion), as it seeks cash for investments in a sister company, two people familiar with the matter said.

Wendel has asked Goldman Sachs (>> Goldman Sachs Group Inc) to evaluate options including a sale of the group, which is part of its larger packaging firm Constantia Flexibles, after receiving offers from three interested parties.

The investor, which owns 60 percent of Constantia Flexibles, as well as its co-investors are considering using proceeds from a sale of the labels group to fund add-on acquisitions for the remainder of the company, one of the people said.

Constantia Labels is expected to post earnings before interest, tax, depreciation and amortization of 113 million euros this year and could be valued at more than 10 times that, in line with industry peers, the sources said.

Information packages have been sent out and first-round bids are due at the end of May, the people said, adding that there are no plans for a stock market listing of the firm.

Peers such as CCL Industries (>> CCL Industries Inc.) and Multi-Color Corporation are considering offers, as are private equity groups such as Cinven [CINV.UL] and Blackstone (>> Blackstone Group LP), they said.

Wendel, Goldman Sachs and Cinven declined to comment. The others were not immediately available for comment.

Constantia Flexibles was acquired by Wendel for 2.3 billion euros in 2014, after a planned initial public offering by former owner OEP had failed a year earlier. The investor has since strengthened the group, which employs 10,000 staff, with several acquisitions.

While the combination of the beverages and food labels operations with the food packaging business made sense at the time of the planned IPO to present an attractively-sized company to investors, synergies are limited between the two parts, which were internally separated last year.

Constantia Labels posted a 2016 EBITDA of 100.8 million last year on sales of 605 million euros. According to its business plan, EBITDA could grow to 167 million by 2021.

(Additional reporting by Alexander Hübner; Editing by Maria Sheahan and David Evans)

By Arno Schuetze

Stocks mentioned in the article
ChangeLast1st jan.
BLACKSTONE GROUP LP 0.31% 32.54 Delayed Quote.2.25%
GOLDMAN SACHS GROUP -0.42% 226.02 Delayed Quote.-10.38%
WENDEL 0.08% 120.9 Real-time Quote.-16.34%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CCL INDUSTRIES INC.
06/14CCL INDUSTRIES INC. : Ex-dividend day for
FA
06/09CCL INDUSTRIES : Announces Closing Date for Treofan Americas Acquisition
AQ
06/08CCL Industries Announces Closing Date for Treofan Americas Acquisition
GL
06/01CCL INDUSTRIES : Takes Control of Its North American In-Mould-Label (IML) Joint ..
AQ
05/31CCL INDUSTRIES : Takes Control of its North American In-Mould-Label (IML) Joint ..
PU
05/31CCL Industries Takes Control of Its North American In-Mould-Label (“IML..
GL
05/23CCL INDUSTRIES : Announces First Acquisition in Israel
AQ
05/22CCL Industries Announces First Acquisition in Israel
GL
05/09CCL Industries Announces 2018 Annual and Special Shareholders' Meeting Result..
GL
05/08CCL Industries Announces First Quarter Results
GL
More news
News from SeekingAlpha
05/08CCL Industries reports Q1 results 
04/17J&J cost cutting plan may pressure suppliers - Bloomberg 
03/09CCL Industries (CCDBF) Acquires Treofan Americas - Slideshow 
02/24Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of.. 
02/23CCL Industries' (CCDBF) CEO Geoffrey Martin on Q4 2017 Results - Earnings Cal.. 
Financials ( CAD)
Sales 2018 5 149 M
EBIT 2018 804 M
Net income 2018 543 M
Debt 2018 1 684 M
Yield 2018 0,81%
P/E ratio 2018 21,23
P/E ratio 2019 19,21
EV / Sales 2018 2,58x
EV / Sales 2019 2,36x
Capitalization 11 619 M
Chart CCL INDUSTRIES INC.
Duration : Period :
CCL Industries Inc. Technical Analysis Chart | CCL.B | CA1249003098 | 4-Traders
Technical analysis trends CCL INDUSTRIES INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 73,2  CAD
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Geoffrey Thomas Martin President, Chief Executive Officer & Director
Donald G. Lang Executive Chairman
Sean P. Washchuk Chief Financial Officer & Senior Vice President
Lalitha Vaidyanathan Senior VP-Information Technology & Human Resources
Stuart W. Lang Director
Sector and Competitors
1st jan.Capitalization (M$)
CCL INDUSTRIES INC.12.69%8 733
BALL CORPORATION-6.79%12 475
AMCOR LIMITED-6.74%12 269
AVERY DENNISON CORPORATION-11.59%8 940
SEALED AIR CORPORATION-9.74%7 172
CROWN HOLDINGS, INC.-20.71%6 130