Successful Deals with PwC: Divestment of Capri Sun Group’s flexible laminates business to CCL

PwC’s Corporate Finance team is pleased to announce the sale of Capri Sun Group’s flexible laminates business (“Pouch Partners”) to CCL Industries Inc. (“CCL”). PwC supported Capri Sun Group as lead advisor on the transaction.

Pouch Partners is a leading supplier of highly-specialized, gravure printed & laminated, flexible film materials for pouch forming, including recyclable solutions primarily to the food and beverage industry. Pouch Partners covers the entire value chain of flexible packaging production from foil printing and laminating to customer support services.

CCL, founded in 1951 and is headquartered in Toronto, Canada, is a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers. CCL is considering pouches as an adjacent packaging format to its label and sleeve decorating technologies with a similar modus operandi. The acquisition of Pouch Partners and its highly focused, deep know-how for flexible film materials, allows CCL to enter this attractive market and to supply its customers with an interesting alternative packaging format to rigid containers with labels.

After the successful development of recyclable pouches, the divestment allows Capri Sun Group again to focus on its core business: Beverages. Capri Sun Group will remain a strategic customer of Pouch Partners and will continue to partner with CCL as new owner of the business.

The transaction was announced on June 16, 2023, and is expected to close in July 2023. The debt free, all cash purchase consideration is EUR 30 million, subject to customary adjustments at closing.