The agreement, effective 1 May 2011, grants Master Label exclusive rights to manufacture and sell CCL Label and CCL Tube products in Indonesia under a licensing arrangement.
Master Label has two plants located close to Jakarta, with sales of approximately US$15m, and is the largest label converter in Indonesia. The company will change its corporate identity to formats used in CCL’s Label and Tube businesses as part of the licensing arrangement, but will remain entirely privately owned.
Master Label and CCL Label Asia will cooperate to jointly serve many common customers and present a united buying organisation to leverage procurement of materials and equipment across the region for the benefit of both companies.
Source: CCL Industries
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