CCL Industries Announces Start-Up Wine Label Operation in California
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Geoffrey Martin, president and CEO commented, "We have known Stephan for some time and have long admired his standing in the wine industry. We know that the sector has growth opportunities and coupled with our existing investments in Santiago, Chile, and Portland, OR, the new Sonoma plant completes the picture to give us a strong platform to become a leading player in the Americas. We expect the new plant to commence operations by the fourth quarter of 2012 and will supply customers from our existing operations in the meantime. We plan for the new site to reach profitability in its second year."
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