CCL Industries buying four US plants for $77.8M
Labelling and packaging plants will become part of CCL Label's home and personal care business.
TORONTO – CCL Industries Inc. is adding four US manufacturing plants to its label and packaging business in a $77.8-million deal, including debt settlements.
Three of the plants are in New Jersey and one is in Ohio.
CCL is acquiring them through the purchase of Sancoa and TubeDec, which are private companies.
Together, Sancoa and TubeDec had US$82.5 million in sales last year, and about US$10.1 million in adjusted earnings before interest, taxes, depreciation and amortization, CCL said.
The Toronto-based company said the US plants will become part of CCL Label’s home and personal care business, headed by Ben Rubino.
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