CCL Industries Signs Agreement to Acquire ALT Technologies for CCL Design

Executive Summary

• CCL Industries Inc. entered into a binding agreement to acquire ALT, a provider of automotive airbag covers, wraps, seals and durable labels.
• The all‑cash purchase price is approximately $32 million (debt‑free), with closing expected in Q2 2026 pending regulatory approvals.
• ALT generated roughly $67 million in sales for the trailing twelve months ending 30 Nov 2025, with an adjusted EBITDA margin of ~11.3%, adding a new Automotive Safety business unit to CCL’s Design segment.

Key Details

• Target Company: Advanced Safety Technologies B.V. and subsidiaries (doing business as ALT Technologies).
• Business Focus: Covers, wraps, seals for automotive airbags; durable labels for automotive & industrial markets.
• Manufacturing Footprint: Facilities located in the Netherlands, Romania, China, and Mexico.
• Financial Metrics (TTM ending 30 Nov 2025):
• Revenue: ~$67 million
• Adjusted EBITDA margin: ≈11.3%
• Purchase Consideration: All‑cash, debt‑free transaction valued at ≈$32 million.
• Closing Timeline: Expected in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
• Strategic Rationale: Creation of a new Automotive Safety business unit within CCL Design; expands CCL’s product portfolio into safety‑critical automotive components and leverages ALT’s global manufacturing network.
• Leadership Comment: Geoffrey T. Martin, President & CEO, highlighted the long‑standing relationship with ALT’s management and the strategic fit for CCL’s growth objectives.

Notable Quotes

“We have known ALT and its management for over 25 years and followed them as they developed into a global leader in the airbag industry. The acquisition will create a new Automotive Safety business unit within CCL Design, and we look forward to welcoming the talented ALT team to our Company.” – Geoffrey T. Martin, President & CEO, CCL Industries Inc.