Mabel's Labels is a well-known North American brand for durable, personalized identification labels for children and families. Fiscal year end March 31, 2016 sales are forecasted to be $9.5 million, with an adjusted EBITDA of approximately $2.8 million for the combined entities. The debt-free, all-cash purchase consideration, subject to customary closing conditions is approximately $12 million. The new business will continue to trade as Mabel's Label's, Inc. and report within CCL's Avery Segment.
Jim Sellors, president-Avery North America, comments, "Julie Cole, Julie Ellis, Cynthia Esp and Tricia Mumby, the founders and principle shareholders of Mabel's Labels and Mabel's Labels Retail, have built a great business, innovative product portfolio and market leading brand for families with kids. We are very pleased that Mabel's shareholders have chosen us as a legacy home for the business they founded thirteen years ago and welcome both them and their team who will report to Allison Phillips, vp-gm, Printable Media, Avery North America."
Geoffrey T. Martin, president & CEO of CCL Industries, concludes, "This is the third bolt-on acquisition we have made since acquiring Avery in 2013 as we continue to build our presence in the consumer and small business label market powered by software and digital printing."
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