CCL Industries acquires Creaprint for $38.1M

CCL Industries has acquired privately held Creaprint, based in Alicante, Spain. Creaprint is a specialist in mould label producer with a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida, with 2022 sales of $17.0 million and adjusted EBITDA of $5.1 million. The debt and cash-free purchase consideration of $38.1 million includes $5.9 million invested in a new production facility where operations will relocate later this year. The business will now trade as CCL Label, Spain and become an integral part of the Food & Beverage unit in Europe. Coincidentally, the recently announced acquisition of Pouch Partners S.r.l., Italy, from Pouch Partners AG, Switzerland, also closed.