CCL Industries acquires Mabel’s Labels for Avery North America
By Canadian Packaging staff
General Coding & Labeling acquisition Avery North America CCL Industries Inc. Mabel's Labels Mabel's Labels RetailPick-up of Hamilton-based Mabel's Labels gives CCL its third acquisition since acquiring Avery in 2013.
TORONTO—CCL Industries Inc., a global-leader in specialty label and packaging solutions for global corporations, small businesses and consumers, has acquired Mabel’s Labels, Inc. and Mabel’s Labels Retail, Inc.—privately-owned companies with common shareholders, based in Hamilton, Ont.—adding it to the Avery North America division.
Mabel’s Labels is a well-known North American brand for durable, personalized identification labels for children and families, with forecast sales expected to be CDN$9.5 million, with an adjusted EBITDA of approximately $2.8 million for the combined entities.
The debt free, all cash purchase consideration, subject to customary closing conditions is approximately $12 million. The new business will continue to trade as Mabel’s Label’s, Inc. and report within CCL’s Avery Segment.
Avery North America president Jim Sellors comments: “Julie Cole, Julie Ellis, Cynthia Esp and Tricia Mumby, the founders and principle shareholders of Mabel’s Labels and Mabel’s Labels Retail, have built a great business, innovative product portfolio and market leading brand for families with kids. We are very pleased that Mabel’s shareholders have chosen us as a legacy home for the business they founded thirteen years ago and welcome both them and their team who will report to Allison Phillips, Vice President and General Manager, Printable Media, Avery North America.”
Adds CCL Industries president and chief executive officer Geoffrey T. Martin: “This is the third bolt on acquisition we have made since acquiring Avery in 2013 as we continue to build our presence in the consumer and small business label market powered by software and digital printing.”
CCL Industries employs approximately 13,000 people operating 115 production facilities in 30 countries on six continents with corporate offices in Toronto and Framingham, Massachusetts.
CCL Label says it is the world’s largest converter of pressure-sensitive and extruded film materials for a wide range of decorative, instructional and functional applications for large global customers in the consumer packaging, healthcare and chemicals, consumer durable, electronic device and automotive markets. Extruded and laminated plastic tubes, folded instructional leaflets, precision decorated and diecut components, electronic displays and other complementary products and services are sold in parallel to specific end-use markets.
Avery is considered to be the world’s largest supplier of labels, specialty converted media and software solutions to enable short-run digital printing in businesses and homes alongside complementary products sold through distributors and mass market retailers.
Company information can be found at: www.cclind.com and www.mabelslabels.com.
Image from http://www.thinkstockphotos.ca/
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