Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 CCL Industries Announces Bolt-on Acquisition for Avery - Ink World Magazine

What are you searching for?

Sign in
Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-on Acquisition for Avery

Adds UK-based Easy2Name Limited.

Author Image

By: DAVID SAVASTANO

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

CCL Industries Inc. 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, personalized “kids’ labels” for the UK market.
 
E2N’s 2018 sales amounted to approximately $2 million, with an estimated adjusted EBITDA of $0.6 million. The enterprise value, net of cash and debt, is approximately $2.5 million.
 
“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,” said Geoffrey T. Martin, president and CEO of CCL. “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.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters