CCL INDUSTRIES ANNOUNCES BOLT-ON TRANSACTION FOR ITS CCL DESIGN UNIT
CCL Industries Inc. (“CCLInd” or “the Company”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that it entered into a binding agreement to acquire Fascia Graphics Ltd. The company is a U.K. based producer of graphic overlays, membrane switch control panels and nameplates for large European OEM customers in the Electronics and Durables sector. Sales for the year ending March, 31 2018 are estimated at $7.25 million with an adjusted EBITDA of approximately $2.0 million. The purchase price, net of cash acquired, is estimated at $9.3 million; closing is expected in the current quarter.
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