CCL Industries Inc. ("CCL") has acquired two European direct-to-consumer, software-powered online digital printing businesses for its Avery unit.
Goed Gemerkt B.V. and Goed Gewerkt B.V. are privately owned companies with common shareholders based near Utrecht in the Netherlands. Founded in 2003, Goed Gemerkt is a manufacturer of durable, personalized "kids' labels" for the Benelux and German markets. badgepoint GmbH, badgetech GmbH and Name Tag Systems Inc. ("Badgepoint") are privately owned companies with common shareholders based near Hamburg, Germany. Founded in 1999, Badgepoint is a manufacturer of patented, premium name tag systems and accessories for the German market. Combined 2016 sales for both businesses were approximately $16.1 million.
The combined enterprise value of the two transactions, net of cash and debt but including the acquisition of related real estate, is approximately $34.4 million compared to total estimated, adjusted EBITDA of $6.5 million for 2016.
Geoffrey T. Martin, President and CEO of CCL, commented, "We are pleased to welcome Anouk van Schaardenburg and Regina & Wolfgang Blindow, respectively the founders of Goed Gemerkt and Badgepoint, to our Avery organization headed in Europe & Asia Pacific by Mark Cooper, Vice President & Managing Director. Web-to-print technologies and brands using software and related supplies are a rapidly growing part of our Avery business. These two international additions match similar end use propositions already present in our North American portfolio."
CCL Industries Inc. is a world leader in specialty label and packaging solutions.
