Mabel’s Labels is a well-known North American brand for durable, personalized identification labels for children and families.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately 12 million CAD (8.5 million USD). The new business will continue to trade as Mabel’s Label’s, Inc. and report within CCL’s Avery segment.
Jim Sellors, president of Avery North America, said: ‘Julie Cole, Julie Ellis, Cynthia Esp and Tricia Mumby, the founders and principle shareholders of Mabel’s Labels and Mabel’s Labels Retail, have built a great business, innovative product portfolio and market leading brand for families with kids. We are very pleased that Mabel’s shareholders have chosen us as a legacy home for the business they founded 13 years ago, and welcome both them and their team who will report to Allison Phillips, vice president and general manager of printable media at Avery North America.’
CCL Industries president and CEO Geoffrey T. Martin added: ‘This is the third bolt-on acquisition we have made since acquiring Avery in 2013 as we continue to build our presence in the consumer and small business label market powered by software and digital printing.’
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