CCL Industries Acquires Imprint Plus

TORONTO, ON, CANADA | CCL Industries, a global supplier of specialty label, security, and packaging solutions, has acquired all entities of Imprint Plus, privately owned companies with common shareholders, based in Richmond, BC, Canada. Founded in 1982, Imprint Plus is reportedly one of North America’s leading manufacturers of custom name badge systems, signage systems, and accessories. Sales for the year ended May 2018 are forecast to be approximately $16 million, with an estimated adjusted EBITDA of $4 million. The debt-free, all-cash purchase consideration, subject to customary closing conditions, is approximately $25 million including contingent consideration.

Geoffrey T. Martin, CCL president and CEO, says, “This is the sixth 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 Imprint complements similar end-use propositions already present in our global portfolio of brands.”

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