CCL Industries Inc. (“the Company”), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that it has acquired another horticultural market specialist for its Avery unit.

Floramedia Group B.V. (“Floramedia”), based in Westzaan, in the Netherlands, is the European leader in the horticulture media and consumer communications market, with in-house tag & label creation and production, complemented by sales offices in seven countries. 2021 sales were $62 million with an adjusted EBITDA of approximately $7.8 million. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $51.6 million.

Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, “This transaction is an excellent complement to the recent MasterTag acquisition in the United States, offering significant synergies while benefiting from Avery’s digital and e-commerce marketing expertise. We welcome Floramedia’s leader, Joris Verweij, and his talented team to our Company.”