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Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-On Acquisition for CCL Design

Adds Fritz Brunnhoefer GmbH, which had sales of $8.5 million in 2014.

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By: DAVID SAVASTANO

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

CCL Industries Inc. acquired Fritz Brunnhoefer GmbH, Nurnberg, Germany, for a net cash purchase price of $7.8 million. The purchase price includes a manufacturing facility held in a related property company. Sales in 2014 were $8.5 million, with adjusted EBITDA of approximately $1.5 million. The new business will transition to the CCL Design trading identity over the second half of 2015.
 
“This acquisition builds on our developing presence in the German durable goods label market, bringing new customer relationships in the industrial and aerospace sectors,” Geoffrey T. Martin, president and CEO of CCL, said. “The new business is well managed and will integrate easily into CCL Design, which is headquartered in Germany.”

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