CCL acquires German tread plate manufacturer for $14 million
INT Autotechnik GmbH produces stainless steel and aluminum tread plates for automotive OEMs.
TORONTO – CCL Industries Inc. has acquired INT Autotechnik GmbH (INT), a producer of stainless steel and aluminum tread plates for German automotive OEMs, in a deal worth approximately $14 million in cash and assumed debt.
INT, based in Munich, recorded sales of $22 million and an adjusted EBITDA of approximately $2 million in 2012.
CCL Industries, a producer of specialty packaging products for consumer and healthcare customers headquartered in Toronto, currently employs approximately 6,600 people in 75 plants globally located to meet the sourcing needs of large international customers. CCL Label is the world’s largest converter of pressure sensitive and film materials for label applications and sells to leading global customers in the consumer packaging, healthcare, automotive and consumer durable segments.