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CCL Industries Acquires Label Connections to Expand Avery business

Published on 2014-11-13. Author : SpecialChem

Toronto -- CCL Industries Inc. (“CCL”), one of the world leaders in specialty label and packaging solutions for global corporations, small businesses and consumers, announced that it has acquired Label Connections Ltd., a private UK company based in St. Neots, near Cambridge that designs, manufactures and markets under the PCL brand, a range of pre-die cut pressure sensitive labels in sheet form for use on professional digital printers. 2014 Label Connections’ sales are estimated to be approximately $4 million with an adjusted EBITDA of $0.6 million. The transaction purchase price totals approximately $2.4 million in assumed debt and cash.

Label Connections Ltd. will trade under the Avery UK umbrella with immediate effect but continue to use the PCL brand. Lesley and David Turner will stay on to run the acquired business reporting to Mark Cooper, Vice President & Managing Director Avery Europe & Asia Pacific.

Geoffrey T. Martin, President & CEO of CCL Industries Inc., commented, “We are pleased to announce this first expansion by acquisition to the Avery business with this interesting extension to our Printable Media product line which we intend to introduce on a global basis. Professional digital printing is the fastest growing sector in the commercial graphic arts market to which we will now bring all the design software, label, materials and printer compatibility know-how from Avery’s long history in desktop digital printing.”

About CCL Industries

CCL Industries employs approximately 10,200 people and operates 97 production facilities in 28 countries on 5 continents with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL Label is the world’s largest converter of pressure sensitive and extruded film materials for a wide range of decorative, instructional and functional applications for large global customers in the consumer packaging, healthcare, automotive and consumer durables markets. Extruded & laminated plastic tubes, folded instructional leaflets, precision printed & die cut metal components with LED displays and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world’s largest supplier of labels, specialty converted media and software solutions to enable short run digital printing in businesses and homes alongside complementary office products sold through distributors and mass market retailers. CCL Container is a leading producer of impact extruded aluminum aerosol cans and bottles for consumer packaged goods customers in the United States, Canada and Mexico.

Source: CCL Industries 


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