CCL Industries has announced 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 USD 1.3 million with an estimated 65% EBITDA margin.
Growing Portfolio of Web-to-Print Technologies
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately USD 3.0 million.
Geoffrey T. Martin, President and Chief Executive Officer 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.
Source: CCL Industries