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CCL acquires two meeting supply companies

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By: Greg Hrinya

Editor, Label & Narrow Web

CCL Industries Inc. has announced two acquisitions. The label and packaging leader has purchased pc/nametag Inc. and Meetings Direct, LLC. Both companies, based in Verona, WI, USA, and both founded by Nick Topitzes, were acquired for approximately $37 million. The combined entities did $36 million in 2014 sales with an adjusted EBITDA of approximately $6.3 million.

The two companies specialize in name badges and meeting supplies. Meetings Direct caters to the ad specialty industry while pc/nametag sells to meeting planners. CCL said the two companies will be incorporated into CCL’s Avery segment, which offers digital printing solutions such as printed labels, tags, dividers, badges and specialty card products to small businesses and consumers. Both pc/nametag and Meetings Direct will continue to operate as normal and will retain their names. The acquisition includes the office and manufacturing/distribution facility the companies currently occupy.

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