CCL Industries acquires Inprint Systems

CCL Industries Inc has continued its expansion with the acquisition of Inprint Systems Ltd. Headquartered in Ashford, England, Inprint Systems is a privately held manufacturer of specialty label products with plants in the Netherlands, United Kingdom, Italy and the USA. The Company is a world leader for labeling solutions requiring “expanded content” in the form of folded printed data attached to a pressure sensitive label.
Inprint Systems had revenues of approximately C$53 million in 2004 and an adjusted EBITDA of C$11.2 million. The purchase price was approximately C$64 million and was paid in cash.
Geoffrey Martin, president and COO of CCL Industries said, “Inprint Systems is an acknowledged industry leader in designing and developing expanded content label solutions for the highly regulated label demands of the Healthcare and Chemical markets. Their strong European presence in the UK, Holland and Italy complements our existing businesses in this sector in Scandinavia, Germany and France, as does the US plant with our existing North American operations. We are delighted to welcome them to CCL’s global network of 34 label plants.”