Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-on Acquisition for Avery

Acquires Data Management, Incorporated, a privately owned supplier of visitor sign-in, tracking and identification badges.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has acquired Data Management, Incorporated (d.b.a. Threshold Visitor Management Systems), a privately owned supplier of visitor sign-in, tracking and identification badges using proprietary software based in Farmington, CT. Sales for the twelve trailing months to January 2023 were approximately $7 million with a 25% adjusted EBITDA margin. The debt free, all cash purchase consideration, is estimated at $6.8 million, subject to customary closing conditions...

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