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CCL Agrees to Buy Checkpoint Systems
The specialty label and packaging company intends to offer Checkpoint's RFID and other solutions that have targeted the apparel retail sector.
Mar 02, 2016—
CCL Industries Inc., a global provider of specialty label and packaging solutions, has entered into an agreement to acquire Checkpoint Systems, a provider of electronic article surveillance (EAS) and radio frequency identification systems primarily for the retail sector. Toronto-based CCL will purchase Checkpoint for approximately US$443 million.
As part of the agreement, CCL will take ownership of Checkpoint's OATSystems division, a provider of RFID software. CCL, which has been making its own RFID labels for more than a decade, intends to leverage Checkpoint's products to forge further into the market for RFID labels, especially in the apparel retail market, according to Al Green, CCL's VP of technology development. The transaction is subject to Checkpoint shareholder approval at a special shareholder meeting expected to take place during the second quarter of 2016.CCL Label, which it describes as the world's largest converter of pressure-sensitive and extruded film materials for decorative, functional and information labels; CCL Container, a manufacturer of aluminum aerosol containers and bottles for the home and personal-care and food and beverage markets; and Avery, a provider of labels and label-printing services to small businesses and consumers (Avery Dennison sold its office and consumer products division to CCL in 2012).
Checkpoint's loss-prevention solutions for the retail market include EPC ultrahigh-frequency (UHF) RFID labels, readers and services, as well as acousto-magnetic and RF EAS hard tags and labels. The company also offers price and branding labels (either with or without RFID tags) for apparel, and inventory-management solutions, consisting of RFID labels, readers, software and digital displays.
Checkpoint operates locations in 29 countries and has 21 manufacturing facilities. The RFID and EAS company, according to CCL, is the second largest provider of RFID technology in the apparel market. CCL also notes that Checkpoint is a leader in the EAS market. In fact, CCL reports, Checkpoint's EAS technology is used to track 58 percent of merchandise owned by the top 250 global retailers.
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