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CCL Industries makes first investment in Chile

(beveragemanager.net) - CCL Industries, a global player in specialty packaging solutions for the consumer products and healthcare industries, announced that it will make its first investment in Chile.

Acrus-CCL based in Santiago is a joint venture between CCL and a newly created Chilean investment holding company.

The partners will initially invest approximately $10 million between them, financed by a combination of debt and equity, to create a state-of-the-art label production plant in Santiago dedicated to the wine industry.

"We are excited to bring new leading edge supply chain and label converting technologies to the very specific needs of Chilean wine exporters. We have a highly experienced local management team that knows the wine industry intimately, supported by the technologies and global leverage of the world's largest label company," said Aldo Gonzalez, General Manager Acrus-CCL.

Chilean wine exports have more than doubled in less than a decade and are estimated to have reached 50 million cases in 2011. (bmg)