Industry News, Mergers and Acquisitions, Printers News

CCL Industries Adds Bolt-on Acquisition for Avery

Acquires Oomph Made Limited, a privately owned designer and supplier of RFID and NFC access cards and wristbands based in Liphook, UK.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has acquired Oomph Made Limited, a privately owned designer and supplier of RFID and NFC access cards and wristbands based in Liphook, UK. Sales for the calendar year 2022 were $6.7 million with an estimated 18% adjusted EBITDA margin. The debt free, all cash consideration, is approximately $7.1 million, subject to customary closing conditions. “This acquisition continues to build on Avery’s rapidly growing portfolio of access control, badging and cred...

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