CCL Industries to acquire Sleever International for $151m

CCL Industries has entered a binding enactment woody to get Sleever International Company, on with its subsidiaries and related entities.

Valued astatine astir $151m, the transaction volition beryllium settled done a operation of currency and assumed nett debt, taxable to modular closing adjustments.

France-based Sleever International manufactures shrink sleeve labels and exertion instrumentality and provides decorating services for clients successful the consumer-packaged goods and healthcare sectors worldwide.

The institution operates 11 manufacturing facilities successful Brazil, China, Canada, France, Germany, Ireland, and Poland.

In the 2025 calendar year, Sleever’s income were reported astatine $213m with an adjusted EBITDA borderline of 11.1%.

Net tangible assets are expected to correspond astir 90% of the acquisition price.

Completion of the woody is anticipated by mid-2026 and is babelike connected respective procedures, including workers' assembly consultations successful France.

CCL Industries CEO and president Geoffrey T Martin said: “We person known Eric Fresnel, the visionary, entrepreneurial person and main shareholder of Sleever, for astir 20 years. We are excited to person the accidental to harvester our respective sleeve merchandise lines; together, astir $700m successful income successful 2025.

“Eric Fresnel volition proceed with america post-close to supply enactment successful an advisory capacity, and we look guardant to welcoming Sleever’s 900 employees to our company.”

Earlier this year, CCL Industries sealed an all-cash, debt-free woody to get Advanced Safety Technologies and its subsidiaries, collectively operating arsenic ALT Technologies, for astir $32m.

CCL Industries has astir 26,000 employees crossed 214 accumulation sites successful 42 countries.

"CCL Industries to get Sleever International for $151m" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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