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CCL Industries Announces Bolt-on Acquisition for CCL Design

For the 12 months ending Dec. 31, 2020, consolidated sales and estimated adjusted EBITDA were $31.3 million and $8.1 million, respectively.

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By: DAVID SAVASTANO

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

CCL Industries Inc. announced it has signed a binding agreement to acquire Desarrollo e Investigación S.A. de C.V. and Fuzetouch PTE LTD (Singapore) (collectively “D&F”) headquartered in San Luis Potosi, Mexico.

D&F together are a leading supplier of graphic interface control panels and assemblies serving large global customers in the consumer electronics and medical markets throughout the USMCA region.

For the 12 months ending Dec. 31, 2020, consolidated sales and estimated adjusted EBITDA were $31.3 million and $8.1 million, respectively. The acquisitions will be asset transactions including an equity interest in a related maquiladora with a combined valuation, net of cash and debt, of approximately $50.7 million, subject to customary closing adjustments. Closing is planned before the end of the year, the new business will then trade as CCL Design.

“We are pleased to expand our highly successful CCL Design operations, adding important new capabilities: technical screen printing, printed electronics including design & assembly, adhesive & functional coating and in-mold decoration,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc. “We welcome the entire D&F team to the CCL Design global network headed by Derek Cumming, group vice president.” 

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