CCL Industries to acquire Sleever International

CCL Industries has signed a binding option agreement to acquire Sleever International Company, a family-owned shrink sleeve specialist headquartered near Paris, in a deal expected to close by mid-2026 pending required procedures, including workers council consultations in France.

Sleever operates 11 manufacturing sites across Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil, and generated approximately 213m USD in 2025 sales with an estimated adjusted EBITDA margin of 11.1 percent.

The acquisition brings together the two companies' respective sleeve product lines, which combined represented around 700m USD in sales in 2025. CCL says the deal will expand its sustainable sleeve offering, broaden its global manufacturing network and accelerate innovation through shared R&D and engineering capabilities.

'The acquisition combines our respective sleeve product lines and brings together two innovation-driven organizations with complementary strengths in premium labeling and decoration technologies,' said Guenther Birkner, president food and beverage, healthcare and specialty and Innovia at CCL Industries. 'Shrink sleeves play a critical role in helping brands improve shelf impact, enhance consumer engagement, and meet evolving sustainability commitments.'

Geoffrey T. Martin, CEO of CCL Industries, noted: ‘We have known Eric Fresnel, the visionary, entrepreneurial leader and principal shareholder of Sleever, for almost 20 years. We are excited to have the opportunity to combine our respective sleeve product lines; together, approximately 700 million USD sales in 2025. Over the next several years, we aim to raise Sleever’s adjusted EBITDA margins up to the CCL Segment average through a combination of strategic investments to drive innovation, cost savings and new sales growth opportunities. Eric Fresnel will continue with us post close to provide support in an advisory capacity and we look forward to welcoming Sleever’s 900 employees to our company.’