The good folks over at CCL Industries are likely celebrating today after the company announced excellent Q4-2017 results. The market obviously liked the news, which sent shares 9.3% higher on the day. CCL, a diversified manufacturer of packaging products has accelerated their cash flow generation over the last five years on the back of some smart acquisitions. Over this period the company grew OCF’s by 21%, on average. After capital expenditures, the company is now generating over $400M of free cash per year. The company further told the market that they see the good times continuing into 2018, and as a result, they gave their shareholders a raise by hiking the quarterly dividend by 13%. All told, it was an excellent day to be a CCL shareholder.