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Bandfix is a privately owned label company increasingly focused on European specialty customers
August 5, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. announced that it has signed a binding agreement to acquire Bandfix AG, located near Zurich, Switzerland. Bandfix is a privately owned label company increasingly focused on European specialty customers with estimated sales for the calendar year of 2014 of $47.0 million and anticipated adjusted EBITDA of approximately $3.5 million. The agreed debt and cash free enterprise value is $18.0 million subject to customary closing adjustments. The transaction is expected to close this...
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