Industry News, Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-on Acquisition for Avery

Adds UK-based Easy2Name Limited.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has acquired a UK direct-to-consumer online digital business for its Avery business. Easy2Name Limited (E2N) is a privately owned company based near Newbury in the UK. Founded in 2000, E2N is a manufacturer of durable, personalized “kids’ labels” for the UK market.   E2N’s 2018 sales amounted to approximately $2 million, with an estimated adjusted EBITDA of $0.6 million. The enterprise value, net of cash and debt, is approximately $2.5 million.   “This is th...

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