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CCL Industries – Acquisition of Worldmark to create a new customer sector

 

CANADA • CCL Industries Inc. acquired privately owned Worldmark Ltd., a supplier of functional labels manufactured from proprietary pressure sensitive materials for world leading designers and brand owners in the technology sector. The new business becomes a market focused unit of CCL Design and will change its trading identity by the end of 2015.

The acquired operation, headquartered in Scotland, has 1,900 employees distributed across six manufacturing plants in China, one each in Mexico and Hungary plus sales offices and prototyping design centres in Silicon Valley, Taiwan and other strategically important locations close to brand owner customers around the world. The acquired business has clean room manufacturing capabilities in coating and converting, designing products from materials science through to final form and function in conjunction with its global customers. 2015 sales are forecast at approximately USD 210 million, entirely focused on customers in the technology sector: smart phones, personal computers & tablets, servers, routers and new concept developments. 2015 EBITDA, forecast at approximately $35 million, is expected to rise to USD 40 million in 2016 with planned business growth and synergies. The purchase price consideration net of cash acquired but including debt assumed is approximately USD 252 million.

 

Armin Karl Geiger

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