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Deal was done for approximately $9 million in cash and assumed debt.
May 22, 2018
By: Anthony Locicero
Copy editor, New York Post
CCL Industries Inc. said it signed a binding agreement to acquire privately held Nortec International Ltd., which isbased near Tel Aviv, Israel for approximately $9 million in cash and assumed debt. Nortec is a specialty manufacturer of high performance labels and marking systems for the Israeli high technology sector and also exports its products around the world. 2017 sales were $9.6 million with an estimated, adjusted EBITDA of approximately $1.4 million. The business will change its trading ...
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