CCL Industries Announces Bolt-On Acquisition For Avery In Quebec

TORONTO — May 23, 2019 — CCL Industries Inc. — a global supplier of specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers — announced today that it has acquired the shares of Colle a Moi Inc. (CAM), a privately-owned company, based in Quebec City, Canada. Founded in 2015, CAM is a leading manufacturer of personalized kid’s labels in Quebec. Forecast sales for the year ending July 31, 2019 are expected to be $1.3 million with an estimated 65 percent EBITDA margin. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $3.0 million.

Geoffrey T. Martin, president and CEO of CCL Industries Inc., commented: “This is the eighth 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 Colle a Moi complements similar end-use propositions already present in our global portfolio of brands.”

Posted May 24, 2019

Source: CCL Industries Inc.