Mergers and Acquisitions, Printers News

CCL Industries Announces Bolt-on Acquisition for Avery

Adds Humphreys Holdings Limited, doing business as We Print Lanyards.

CCL Industries Inc. has acquired Humphreys Holdings Limited, doing business as We Print Lanyards, a privately owned designer and manufacturer of custom lanyards, name badges and ID cards, based in Long Eaton, UK. Sales for the financial year 2024 were $4.1 million with an estimated 25% adjusted EBITDA margin. The debt-free, all cash consideration, is approximately $5.6 million, subject to customary closing conditions.

“This acquisition continues to build on Avery’s rapidly growing portfolio of access control, badging and credentials technologies, products and brands focused on the retail, hospitality, live events and conferencing markets,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc.

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