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CCL expands presence in Germany with bolt-on acquisition

The move builds on CCL's developing presence in the German durable goods label market.

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By: Steve Katz

Associate Editor, Label & Narrow Web

CCL Industries Inc. has announced that it has acquired Fritz Brunnhoefer GmbH, based in Nurnberg, Germany, for a net cash purchase price of $7.8 million. The purchase price includes a manufacturing facility held in a related property company.

Fritz Brunnhoefer sales in 2014 were $8.5 million, with adjusted EBITDA of approximately $1.5 million. The new business will transition to the CCL Design trading identity over the second half of 2015.

Geoffrey Martin, president and CEO of CCL, comments, “This acquisition builds on our developing presence in the German durable goods label market bringing new customer relationships in the Industrial and Aerospace sectors. The new business is well managed and will integrate easily into CCL Design, which is headquartered in Germany.”

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