CCL Industries has entered a binding option deal to acquire Sleever International Company, along with its subsidiaries and related entities.
Valued at around $151m, the transaction will be settled through a combination of cash and assumed net debt, subject to standard closing adjustments.
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France-based Sleever International manufactures shrink sleeve labels and application equipment and provides decorating services for clients in the consumer-packaged goods and healthcare sectors worldwide.
The company operates 11 manufacturing facilities in Brazil, China, Canada, France, Germany, Ireland, and Poland.
In the 2025 calendar year, Sleever’s sales were reported at $213m with an adjusted EBITDA margin of 11.1%.
Net tangible assets are expected to represent approximately 90% of the purchase price.
Completion of the deal is anticipated by mid-2026 and is dependent on several procedures, including workers’ council consultations in France.
CCL Industries CEO and president Geoffrey T Martin said: “We have known Eric Fresnel, the visionary, entrepreneurial leader and principal shareholder of Sleever, for almost 20 years. We are excited to have the opportunity to combine our respective sleeve product lines; together, approximately $700m in sales in 2025.
“Eric Fresnel will continue with us post-close to provide support in an advisory capacity, and we look forward to welcoming Sleever’s 900 employees to our company.”
Earlier this year, CCL Industries sealed an all-cash, debt-free deal to acquire Advanced Safety Technologies and its subsidiaries, collectively operating as ALT Technologies, for approximately $32m.
CCL Industries has around 26,000 employees across 214 production sites in 42 countries.
