CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, announced today that it has acquired Mabel's Labels, Inc. and Mabel's Labels Retail, Inc., privately owned companies with common shareholders, based in Hamilton, Ontario, Canada. Mabel's Labels is a well-known North American brand for durable, personalized identification labels for children and families. Fiscal year end March 31, 2016 sales are forecasted to be $9.5 million, with an adjusted EBITDA of approximately $2.8 million for the combined entities. The debt free, all cash purchase consideration, subject to customary closing conditions is approximately $12 million. The new business will continue to trade as Mabel's Label's, Inc. and report within CCL's Avery Segment.
Jim Sellors, President, Avery North America commented, "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 thirteen years ago and welcome both them and their team who will report to Allison Phillips, Vice President and General Manager, Printable Media, Avery North America."
Geoffrey T. Martin, President & CEO, CCL Industries, concluded, "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."