Uniter consists of five apparel label factories located in Spain, Portugal, Morocco, Turkey and China
CCL Industries Announces Bolt-on Acquisition for Checkpoint. (Credit: Gerd Altmann from Pixabay)
CCL Industries Inc. (“the Company”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today it has acquired the privately owned Uniter Group of companies (“Uniter”).
Founded 25 years ago in A Coruña, Spain, Uniter consists of five apparel label factories located in Spain, Portugal, Morocco, Turkey and China. Estimated results for calendar year 2021 are sales of $37.5 million with an adjusted EBITDA of $8.75 million.
The purchase price, net of cash and debt, is approximately $53.7 million, subject to customary closing adjustments. The five Uniter factories will become part of the Checkpoint Apparel Labeling Solutions business (“ALS”).
Geoffrey T. Martin, President and Chief Executive Officer of CCL industries Inc., commented, “The acquisition of Uniter significantly strengthens Checkpoint’s commercial position in the important Iberian retail apparel market as well as adding to its global manufacturing footprint. We are pleased to welcome Charly L. Conde, Uniter’s founder, and his team to the ALS global leadership team headed by Scott Mitchell-Harris, Group Vice President.”
CCL Industries Inc. employs approximately 22,000 people operating 191 production facilities in 43 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts.
CCL is the world’s largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets.
Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world’s largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass market stores and e-commerce retailers.
Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.
Source: Company Press Release