CCL Industries acquires IDESCO, IDSecurity

Executive Summary

• CCL Industries Inc. has completed the acquisition of IDESCO Holding Corp. and IDSecurityonline.com LLC, private providers of secure badging and identification solutions based in Manhattan, N.Y.
• The transaction is a debt-free, all-cash purchase with a consideration of approximately $19.0 million, subject to customary closing conditions.
• The acquired entities reported calendar year 2024 sales of approximately $21.5 million with an estimated 14.2% adjusted EBIT margin, aligning with CCL's strategy to expand Avery's portfolio of badging and credentials technologies.

Key Details

• Acquirer: CCL Industries Inc.
• Acquired Entities: IDESCO Holding Corp. and IDSecurityonline.com LLC.
• Target Business: Privately owned providers of secure badging and identification solutions.
• Target Location: Manhattan, N.Y.
• Transaction Structure: Debt-free, all-cash purchase.
• Purchase Consideration: Approximately $19.0 million.
• Closing Conditions: Subject to customary closing conditions.
• Target Financials (Calendar Year 2024):
  • Sales: Approximately $21.5 million.
  • Adjusted EBIT Margin: Estimated 14.2%.
• Strategic Rationale: Continues to build on Avery's rapidly growing portfolio of badging and credentials technologies, products, and brands using software and related supplies.

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 of CCL Industries.