TORONTO, ON / ACCESSWIRE / May 31, 2022 / CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B)("the Company"), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that it has acquired another horticultural market specialist for its Avery unit.
Floramedia Group B.V. ("Floramedia"), based in Westzaan, in the Netherlands, is the European leader in the horticulture media and consumer communications market, with in-house tag & label creation and production, complemented by sales offices in seven countries. 2021 sales were $62 million with an adjusted EBITDA of approximately $7.8 million. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $51.6 million.
Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, "This transaction is an excellent complement to the recent MasterTag acquisition in the United States, offering significant synergies while benefiting from Avery's digital and e-commerce marketing expertise. We welcome Floramedia's leader, Joris Verweij, and his talented team to our Company."
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For more information on Floramedia, visit - www.floramedia.nl
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CCL Industries Inc. employs approximately 25,100 people operating 204 production facilities in 43 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL is the world's largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets. Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world's largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.
SOURCE: CCL Industries Inc.
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