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Successful Year for CCL Industries Inc.

The publicly listed corporation reported positive figures for the fourth quarter and the entire year 2023 – with CCL Faubel also contributing to this success.

CCL Industries Inc., a world leader in specialty label, security and packaging solutions, announced the financial results for the fourth quarter and the entire year 2023 in a press release dated February 21, 2024.

For the year 2023, sales grew by 4.2 percent to a total of over 6.6 billion Canadian dollars. Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented in the press release that in the fourth quarter, sales and profitability in the Healthcare & Specialty sectors softened in many markets. However, this was at least partially offset by the strong results for the newly acquired Faubel clinical trials business.

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