CCL Industries signs deal to acquire ALT Technologies

Executive Summary

• CCL Industries Inc. has signed a binding agreement to acquire Advanced Safety Technologies B.V. (doing business as ALT Technologies), a privately held provider of automotive air bag covers, wraps, seals, and durable labels.
• The transaction involves a debt-free, all-cash purchase consideration of approximately $32 million.
• The acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory procedures.

Key Details

• Target Company: Advanced Safety Technologies B.V. and its subsidiaries (ALT Technologies).
• Target Business: Provider of covers, wraps, and seals for automotive air bags, along with durable labels for automotive and industrial markets.
• Target Operations: Manufacturing facilities located in the Netherlands, Romania, China, and Mexico.
• Financial Metrics (Trailing 12 Months ending Nov. 30, 2025):
  • Sales: Approximately $67 million.
  • Adjusted EBITDA Margin: Estimated 11.3%.
• Transaction Structure:
  • Type: All-cash acquisition.
  • Consideration: Approximately $32 million (debt-free).
  • Status: Binding agreement signed.
• Closing Timeline: Expected during the second quarter of 2026.
• Strategic Rationale: The acquisition will create a new automotive safety business unit within CCL Design.

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 air bag 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 and CEO of CCL Industries