CCL to acquire Checkpoint Systems

Checkpoint Systems is a manufacturer of technology-driven, loss prevention, inventory management and labeling products, including RF and RFID-based options, to the retail and apparel industry. The business has operations in 29 countries including 46 go-to-market units and 21 manufacturing facilities.

CCL said the transaction represents a ‘compelling and unique opportunity’ to enhance its breadth and scale, while creating an opportunity to realize meaningful synergies and earnings accretion.

As well as adding technology-driven labeling options for the retail and apparel sectors, and a long-standing, blue chip customer base of top global retailers and apparel brands,  to its offering, CCL said Checkpoint Systems brings an ‘attractive’ smart label product portfolio and a global sales footprint that will expands CCL’s international operating platform, especially in Asia. CCL recently acquired Zephyr Company, a privately held company headquartered in Singapore, and its two Malaysian subsidiaries in Penang and Johor.

Geoffrey T. Martin, CCL president and CEO, said: ‘We have admired Checkpoint for many years as it built a unique, leading global position providing technology-driven label solutions to the retail and apparel industries. We are very pleased to welcome its deeply experienced people to CCL, where they will continue to focus on this important industry for emerging ‘smart label’ technologies.’

The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in mid-2016.