CCL Industries Announces Bolt-on Acquisition for Avery

Executive Summary

• CCL Industries Inc. announced the all‑cash acquisition of IDESCO Holding Corporation and IDSecurityonline.com, providers of secure badging and identification solutions.
• Purchase price is approximately $19.0 million (all cash, debt‑free), subject to customary closing conditions.
• IDESCO reported FY 2024 sales of roughly $21.5 million with an adjusted EBIT margin of ~14.2%, adding a new credentialing technology line to CCL’s Avery portfolio.

Key Details

• Target Companies: IDESCO Holding Corporation and its subsidiary IDSecurityonline.com, LLC (Manhattan, New York).
• Purchase Consideration: Approximately $19.0 million in cash; transaction is debt‑free.
• Financial Profile of Target (FY 2024):
• Revenue: ~US$21.5 million (calendar year 2024).
• Adjusted EBIT margin: ~14.2%.
• Strategic Rationale: Enhances CCL’s Avery segment with “badging and credentials technologies, products and brands using software and related supplies,” expanding its secure identification solutions offering.
• Closing Conditions: Subject to customary closing conditions; no additional earn‑outs or contingent payments disclosed.
• Integration Outlook: Not detailed in release; CEO Geoffrey T. Martin indicated the acquisition will “continue to build on Avery's rapidly growing portfolio.”

Notable Quotes

“This acquisition continues to build on Avery's rapidly growing portfolio of badging and credentials technologies, products and brands using software and related supplies.” – Geoffrey T. Martin, President and Chief Executive Officer, CCL Industries Inc.