CCL
Industries Inc., a world leader in specialty label, security and packaging
solutions for global corporations, government institutions, small businesses
and consumers, announced that it has acquired a UK direct-to-consumer online
digital business for its Avery business. Easy2Name Limited (“E2N”) is a
privately owned company based near Newbury in the UK.
Founded in 2000, E2N is a
manufacturer of durable, personalised “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 Chief Executive Officer 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.”
The
Company also confirmed that it has completed the previously announced
acquisitions of Olympic Holding B.V. and its related subsidiaries, located in
the Netherlands, and the assets of Unilogo, located in Poland. The previously announced acquisition of
Hinsitsu Screen (Vietnam) Company Limited is expected to close later in the
first quarter of 2019.
