01.07.22
CCL Industries Inc. announced that it has acquired two US headquartered, software-powered tag and card businesses for its Avery unit.
International Master Products Corporation, based in Michigan, is the market leader for labels & tags supplied to the US horticulture industry powered by its proprietary online creative design software. Sales for calendar 2021 were approximately $46.3 million with an estimated adjusted EBITDA of $9.6 million.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $62.8 million.
Lodging Access Systems, LLC, (d.b.a. RFID Hotel), based in Tampa, FL, is a privately held leading supplier of digitally printed and encoded RFID key cards, wristbands and key fobs for access control. RFID Hotel’s sales for calendar 2021 were approximately $16 million with an estimated adjusted EBITDA of $5.6 million.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $27.9 million.
“These two transactions expand Avery’s rapidly growing portfolio of digitally enabled products to support our direct-to-consumer strategy, bringing new end markets plus capabilities in software and RFID. We welcome the talented teams of both companies to our franchise,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc.
International Master Products Corporation, based in Michigan, is the market leader for labels & tags supplied to the US horticulture industry powered by its proprietary online creative design software. Sales for calendar 2021 were approximately $46.3 million with an estimated adjusted EBITDA of $9.6 million.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $62.8 million.
Lodging Access Systems, LLC, (d.b.a. RFID Hotel), based in Tampa, FL, is a privately held leading supplier of digitally printed and encoded RFID key cards, wristbands and key fobs for access control. RFID Hotel’s sales for calendar 2021 were approximately $16 million with an estimated adjusted EBITDA of $5.6 million.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $27.9 million.
“These two transactions expand Avery’s rapidly growing portfolio of digitally enabled products to support our direct-to-consumer strategy, bringing new end markets plus capabilities in software and RFID. We welcome the talented teams of both companies to our franchise,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc.