CCL acquires two businesses for North America Avery segment

CCL Industries has acquired pc/nametag Inc. and Meetings Direct, LLC, privately owned companies with common shareholders, based near Madison, Wisconsin supplying name badges and meeting registration supplies to professional meeting planners and distributors of promotional material in North America.

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2014 sales were $36 million, with an adjusted EBITDA of approximately $6.3 million for the combined entities.

The purchase price of approximately $37 million includes the acquisition of an associated office, light manufacturing and distribution facility occupied by the entities. The new business will continue to trade as pc/nametag and Meetings Direct and report within CCL’s Avery Segment.

Geoffrey T. Martin, president & CEO of CCL Industries commented, ‘Nick Topitzes, the founder and principal shareholder of pc/nametag and Meetings Direct, built a great  business creating and developing many of the products used by the meeting planner industry. Their portfolio of customized and stock printed name badges and holders, badge ribbons, lanyards and wristbands combined with template software solutions make them a leader in this market. We are very pleased Nick chose us as a legacy home for the business that he founded and welcome both him and his management team who will report to Jim Sellors, president of Avery North America.’

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