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Acquires Stuck On You Holdings Pty Ltd and Stuck on You Trading Pty Ltd.
November 20, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. announced that it signed an agreement to acquire the shares of Stuck On You Holdings Pty Ltd and Stuck on You Trading Pty Ltd (collectively SOY). Founded in 1995, SOY is a privately held leading manufacturer of personalized kids’ labels, based near Melbourne, Australia. Sales for the year ending June 30, 2019, were approximately $8.3 million, with an adjusted $1.3 million EBITDA. The debt free, all cash purchase consideration is approximately $8.1 million, subject to customar...
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