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CCL acquires Brazilian ECL specialist

Based in Sao Paolo, Powerpress had 2015 sales of approximately $6.5 million.

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By: Steve Katz

Associate Editor, Label & Narrow Web

CCL Industries Inc., the world’s laregst label manufacturer, has announced that it has acquired the assets of Powerpress Rotulos & Etiquetas Adesivas LTDA, Brazil’s leading producer of expanded content labels for agricultural chemical and pharmaceutical customers.

Based in Sao Paolo, privately owned Powerpress had 2015 sales of approximately $6.5 million and an adjusted EBITDA of $2.5 million. Purchase price consideration is estimated at $10.25 million and is subject to certain customary completion adjustments.

Geoffrey T. Martin, president & CEO of CCL comments, “We have been in Brazil for 10 years where our CCL Label operation remains one of the best performing business units in the company. Despite the changed economic climate in the country we believe now is a good time to make strategic investments to broaden our market presence.”

Powerpress will be immediately integrated into CCL Label Brazil, and it will be led by Luis Jocionis, vice president and managing director.”

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