Resettable cold chain label for vaccines, biologics, and other injectables
f asked to name a booming industry, label making might not be the first that comes to mind. Yet CCL Industries Inc. (TSX: CCL), a Toronto-area manufacturer that bills itself as “the largest label company in the world,” has been quietly growing for years—at an incredible rate.
Blue chips at a bargain? Meet the 10 “Dogs of the TSX”
Comprising three segments (CCL Label, CCL Container and its new consumer office products arm, Avery), CCL initially manufactured labels and packaging for products in the home and personal-care industry, but it has grown into a major supplier for the pharmaceutical, medical and chemical sectors. That’s hardly the only change, explains CEO Geoffrey Martin. “We’ve gone from being a small-cap stock in Canada to a decent-sized one. We’ve grown from a billion and change in revenue to $4 billion and change in revenue. We’ve gone from being a North American company to a global one,” he says.
It’s hard to overstate CCL’s growth: In the first quarter of 2016 alone, revenue grew by 22.9% year-over-year to reach $866.8 million, while net income jumped 31%. Over the past five of years, CCL’s share price has shot up nearly 600%. The company excels at consolidation and plans to continue expanding its already sprawling network. What’s more, it isn’t satisfied to dominate the label and container market alone.