Mabel’s Labels Acquired by CCL Industries for Avery North America
On January 4, 2016, CCL Industries announced the acquisition of Mabel’s Label’s for Avery North America.
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.”
Read the complete press release here.