Flexible Electronics News

CCL Industries Announces Two Bolt-on Acquisitions for Avery

Lodging Access Systems, LLC is a privately held supplier of digitally printed and encoded RFID key cards, wristbands and key fobs.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced that it has acquired two US headquartered, software-powered tag and card businesses for its Avery unit. International Master Products Corporation, based in Michigan, is the market leader for labels & tags supplied to the US horticulture industry powered by its proprietary online creative design software. Sales for calendar 2021 were approximately $46.3 million with an estimated adjusted EBITDA of $9.6 million. The debt free, all cash purchase consideration...

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