Bolt-on Acquisition for Avery

CCL Industries has announced that Avery has acquired InTouch Label and Packaging, a specialized short-run digital label converter based near Boston (MA), USA.

The enterprise value of the transaction, net of cash and debt, is approximately $10.9 million. Sales for the current year ending December 31, 2020, are expected to be approximately $9.5 million with an estimated adjusted EBITDA of $2.7 million. InTouch is the latest addition to Avery’s fast-growing WePrint direct-to-consumer label business. - (OPI)