SPAIN – CCL Industries, a world leader in specialty labels has announced the acquisition of Spain-based privately held in-mold label (IML) manufacturer Creaprint SL.
The estimated value of this debt and cash-free transaction is C$38.1 million (US$28.5m). Out of the total purchase amount, approximately C$5.9 million (US$4.44m) has been invested in Creaprint’s new production facility, where the company is expected to relocate its operations later this year.
Following this deal, the acquired company will be part of CCL’s Food & Beverage division in Europe.
Creaprint has a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida, and recorded sales of US$17 million last year.
Guenther Birkner, president of CCL Label food & beverage, said: “IML is a rapidly growing decoration technology for packaging. The label becomes an integral part of injection or blow-molded plastic containers without the need for adhesives, typically using the same resin material as the container for easy recycling.
“We are very much looking forward to having the Creaprint team and the founding Guillem family joining us.
“With over 20 years experience in IML, Creaprint is one of the most important producers in the world in terms of technology, know-how, means and production capacity.”
CCL president and CEO Geoffrey T Martin added: “This is an important acquisition to bring IML technology and know-how to our global CCL Label operations.”
CCL Industries buys Oomph Made for US$5.4M
Meanwhile, CCL has also completed the acquisition of Oomph Made, a privately-owned designer and supplier of radio frequency identification and near-field communication access cards and wristbands, for about 7.1 million Canadian dollars (US$5.4 million).
The deal was described as a “bolt-on” addition to CCL’s Avery unit that will build on its “access control, badging and credentials technologies.”
CCL acquired two related businesses from Avery Dennison a decade ago and has expanded the unit with multiple related deals since.
The bolt-on acquisition comes after CCL last month agreed to buy Pouch Partners S.R.L. Italy from Capri Sun Group-owned Pouch Partners AG for C$44 million (US$ 33.09m).
The supplier of specialized film materials for pouch forming will become part of CCL’s European food and beverage unit.
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