The company has acquired outright its license holder for Turkey, CCL Dekopak, a leading producer of shrink sleeves for international customers based in Istanbul. CCL Label plans to use the new business as an entry platform for all product lines in Turkey and will relocate operations to a new plant to facilitate the expansion. In Japan, CCL Label acquired the assets of Kadomise, a small producer of pressure-sensitive labels based in Shikoku, which will be combined with an existing operation in the country. In a similar transaction, CCL Label Australia acquired the Hunter Valley, New South Wales, wine label customers of Labelcraft Pty., Ltd., which will be integrated into the recently commissioned new facility in Sydney.
Initial combined consideration for these three transactions amounted to $6 million and together the businesses are expected to add approximately $12 million in sales and at least $1.5 million EBITDA in their first full year.
Finally, CCL confirmed the closing of its previously announced agreement to acquire Sancoa & TubeDec, privately owned producers of labels and tubes for Home & Personal Care customers in North America. The new business unit will trade with immediate effect as "CCL Label TubeDec" and will be part of the global CCL Label Home & Personal sector headed by Ben Rubino, President.