Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces First Bolt-on Acquisition for Avery North America

Acquired pc/nametag Inc. and Meetings Direct, LLC

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has acquired pc/nametag Inc. and Meetings Direct, LLC, privately owned companies with common shareholders, based near Madison, WI, supplying name badges and meeting registration supplies to professional meeting planners and distributors of promotional material in North America.   Its 2014 sales were $36 million, with an adjusted EBITDA of approximately $6.3 million for the combined entities. The purchase price of approximately $37 million includes the acqu...

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