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CCL Industries Announces Bolt-on Transaction for CCL Design Unit

Fascia Graphics Ltd. produces graphic overlays, membrane switch control panels, nameplates for large European OEMs.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

CCL Industries Inc. announced that it entered into a binding agreement to acquire Fascia Graphics Ltd. The company is a UK-based producer of graphic overlays, membrane switch control panels and nameplates for large European OEM customers in the Electronics and Durables sector.
 
Sales for the year ending March, 31 2018 are estimated at $7.25 million with an adjusted EBITDA of approximately $2.0 million. The purchase price, net of cash acquired, is estimated at $9.3 million; closing is expected in the current quarter.
 
“The new business will trade as CCL Design on close and bring expertise in printed electronics to our product lines,” Geoffrey T Martin, CCL’s president and CEO, said.

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