CCL Industries Announces Bolt-on Acquisition For Avery

TORONTO — January 4, 2019 — CCL Industries Inc. announced today that it has acquired a direct-to-consumer online digital business for its Avery business.

Easy2Name Ltd. (“E2N”) is a privately owned company based near Newbury in the UK. Founded in 2000, E2N is a manufacturer of durable, personalized “kids’ labels” for the UK Market.

2018 sales amounted to approximately $2.0 million, with an estimated adjusted EBITDA of $0.6 million. The enterprise value, net of cash and debt, is approximately $2.5 million.

Geoffrey T. Martin, president and CEO of the company, commented, “This is the seventh bolt-on acquisition we have made since acquiring Avery in 2013 as we continue to build our rapidly growing portfolio of web-to-print technologies and brands using software and related supplies. The addition of E2N complements similar end-use propositions already present in our global portfolio of brands.”

Posted January 4, 2019

Source: CCL Industries Inc.