Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-on Acquisition for CCL Label

Clinical Systems, Inc (CSI) is a specialized provider to the US clinical trials industry.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced it has acquired Clinical Systems, Inc (CSI), a specialized provider to the US clinical trials industry. CSI, based in Garden City, NY, produces labels, including specialized patient information booklets and has developed a new software driven “eLabel” solution for clinical trials providers. The enterprise value of the transaction, net of cash and debt, is approximately $19.4 million. Sales for the 12 months ending Dec. 31, 2019, are approximately $14.4 million with...

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