CCL Industries Acquires Clinical Systems
CCL Industries Inc. has acquired Clinical Systems, Inc (“CSI”), a specialized provider to the United States clin- ical trials industry. CSI, a label producer based in Garden City,NewYork, USA, specializes in patient information booklets and has developed a new software driven “eLabel” prod- uct for clinical trials providers.The enterprise value of the transaction, net of cash and debt, is approximately $19.4 million. Sales for the 12 months ending Decem- ber 31, 2019, are approximately $14.4 million with an estimated adjusted EBITDA of $3.5 million. CSI will be integrated into CCL Label’s Healthcare & Specialty operations and immediately begin trading as CCL Clinical Systems. Avery Dennison is planning for the future growth of RFID. Just months after signing a deal to acquire Smar- trac’s transponder division, the company will open an RFID manufacturing facility in Brazil in 2021. The move marks Avery Dennison’s first manufacturing fa- cility in Brazil and fifth in the world.The new factory will be located in Vinhedo. Following the completion of the Smartrac acqui- sition, the company’s RFID business will represent a global platform with more than $500 million in reve- nue.The new facility in Brazil will manufacture a wide variety of inlay designs. Total packaging industry deals for the fourth quarter of 2019 were worth $2.73 billion, according to Global- Data’s deals database. The value marked an increase of 17.2 percent over the previous quarter and a drop of 58.3 percent when compared with the last fourth-quarter average of $6.55 billion. In terms of number of deals, the sector saw a drop of 7.8 percent over the last fourth-quarter average with 83 deals against the average of 90 deals. In value terms,Asia-Pacific led the activity with deals worth $1.91 billion. The top five packaging deals accounted for 88.5 per- cent of the overall value during Q4 2019. The combined value of the top five packaging deals stood at $2.41 billion, against the overall value of $2.73 billion recorded for the month. Avery Dennison Invests In New Brazilian Factory Global Packaging Deals Total $2.73B In Q4 2019
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