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Like its smaller American cousin Multi-Color (LABL), CCL Industries (OTC:CCDBF) is a company whose products are in front of readers' eyes every day, and yet go largely unnoticed. You would never buy a bottle of shampoo or beer that had no label on it, and likewise all manner of companies in consumer goods, healthcare, chemicals, and so on require labels for their products.

That has created a global market worth an estimated $30 billion a year, with close to one-third of that in North America. Through organic growth, helped by the development of more advanced label-making capabilities, and acquisitions, CCL Industries has emerged as the leader in the industry. In this case, though, "leader"...

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