Packaging
CCL Industries Announces Bolt-on Acquisition for Avery
Friday 14. July 2023 - Geoffrey T. Martin commented, This acquisition continues to build on Averys rapidly growing portfolio of access control, badging and credentials technologies, products and brands focused on the retail, hospitality, live events and conferencing markets.
CCL Industries Inc., 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 Oomph Made Limited, a privately owned designer and supplier of Radio Frequency Identification (“RFID”) and Near-Field Communication (“NFC”) access cards and wristbands based in Liphook, United Kingdom.
Sales for the calendar year 2022 were $6.7 million with an estimated 18% adjusted EBITDA margin. The debt free, all cash consideration, is approximately $7.1 million, subject to customary closing conditions.
Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, “This acquisition continues to build on Averys rapidly growing portfolio of access control, badging and credentials technologies, products and brands focused on the retail, hospitality, live events and conferencing markets.”