TORONTO: CCL Industries Inc. has acquired Plum Paper LLC, a privately owned, direct-to-consumer ecommerce business based in Oceanside, California.
Founded in 2014, Plum Paper is a leading supplier of personalized planners, journals and related stickers. Sales for 2021 are forecasted to be approximately $11.5 million with an estimated 44% EBITDA margin.
The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $26.0 million.
Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, “This acquisition continues to build on Avery’s rapidly growing portfolio of web-to-print technologies, products and brands using software and related supplies.”
CCL Industries Inc. employs approximately 22,000 people operating 191 production facilities in 40 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts.
CCL is the world’s largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets.
The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.