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Acquires Forever Blue Investimentos e Participacoes S.A. (Tecnoblu), headquartered in Blumenau, Brazil.
December 29, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. announced that it has signed a binding agreement to acquire Forever Blue Investimentos e Participacoes S.A. (Tecnoblu), headquartered in Blumenau, Brazil, with a sales office in Guimarães, Portugal. Tecnoblu is a leader in labels and tags for the retail and apparel industry strategically located at the heart of Brazil’s textile industry. For the year ending Dec. 31, 2021, sales and adjusted EBITDA are forecasted at $17.6 million and $3.1 million, respectively. The purchase ...
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