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CCL Industries Announces Bolt-on Acquisition for Avery in Quebec

Acquired the shares of Colle a Moi Inc., a privately owned company based in Quebec City, for approximately $3 million.

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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 has acquired the shares of Colle a Moi Inc. (CAM), a privately owned company based in Quebec City, Canada. Founded in 2015, CAM is a manufacturer of personalized kid’s labels in Quebec. Forecast sales for the year ending July 31, 2019 are expected to be $1.3 million with an estimated 65% EBITDA margin. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $3 million.
 
“This is the eighth 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,” Geoffrey T. Martin, president and CEO of CCL Industries Inc., said. “The addition of Colle a Moi complements similar end-use propositions already present in our global portfolio of brands.”
 
 

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