CCL Industries has signed a binding option agreement to acquire Sleever International CompanyThe transaction is expected to close by mid-2026, once the necessary formalities have been completed, including consultations with the works council in France.
Sleever, headquartered in France, operates 11 manufacturing plants in Canada, France, Germany, Belgium, Ireland, Poland, China, and Brazil. 2025 sales were projected at approximately $213 million, with an estimated adjusted EBITDA margin of 11,1%.
The purchase price, subject to customary closing adjustments, is estimated at approximately $151 million. This acquisition integrates the respective sleeve product lines of both companies, which together represented approximately $700 million in sales in 2025.
Guenther Birkner, President of Food & Beverage, Health & Specialty Products and Innovia, stated: “This acquisition combines our respective sleeve product lines and unites two innovation-driven organizations with complementary strengths in high-end labeling and decoration technologies. Shrink sleeves, one of the fastest-growing decoration technologies, play a critical role in helping brands enhance their point-of-sale presence, boost consumer engagement, and meet evolving sustainability commitments.”
