CCL Industries announces bolt-on acquisition for Avery

International | Mergers & Acquisitions | South East

CCL Industries Inc, a specialist in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today 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, personalised “kids’ name labels” for the UK Market.

2018 sales amounted to approximately £1.6m, with an estimated adjusted EBITDA of £0.5m. The enterprise value, net of cash and debt, is approximately £2m.

Geoffrey T. Martin, President and Chief Executive Officer of the Company, commented: “This is the seventh bolt-on acquisition we have made since acquiring Avery in 2013 as we continue to build our rapidly growing portfolio of web-to-print technologies and brands using software and related supplies. The addition of E2N complements similar end-use propositions already present in our global portfolio of brands.”

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