CCL Industries Inc., a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today it has acquired InTouch Label and Packaging Co., Inc. (“InTouch”) a specialized short-run digital label converter based near Boston, MA.
The enterprise value of the transaction, net of cash and debt, is approximately $10.9 million. Sales for the current year ending December 31, 2020, are expected to be approximately $9.5 million with an estimated adjusted EBITDA of $2.7 million.
Geoffrey Martin, President & Chief Executive of CCL Industries, commented, “We welcome the InTouch team to Avery’s fast growing ‘WePrint’ direct-to-consumer label business.”
www.cclind.com