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Acquired privately-held Lux Global Label Asia Pte. Ltd.
May 3, 2021
By: Anthony Locicero
Copy editor, New York Post
CCL Industries Inc. acquired privately-held Lux Global Label Asia Pte. Ltd. (LUX), based in Singapore. LUX produces decorative labels for global consumer customers in the ASEAN region. For the trailing 12 months ending March 31, 2021, sales were $9.2 million, with an adjusted EBITDA of approximately $1 million. The estimated $9.4 million purchase price is expected to equate approximately to the fair market value of the tangible fixed assets (including an owned building in Si...
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