CCL Industries Inc., a global provider of specialty labels, security, and packaging solutions, announced that it has signed a binding option agreement to acquire Sleever International Company SA, along with its subsidiaries and related companies. Sleever is a family owned provider of shrink sleeve labels, application equipment and decorating services for consumer packaged goods and healthcare customers worldwide.
The transaction values Sleever at approximately $151 million in purchase consideration, subject to customary closing adjustments. The consideration will be paid through a combination of cash and assumed net debt. CCL expects that net tangible assets will account for about 90% of the purchase price calculation.
Headquartered near Paris, France, Sleever operates 11 manufacturing facilities across Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil. The company generated approximately $213 million in sales in the 2025 calendar year with an estimated adjusted EBITDA margin of 11.1%.
CCL and Sleever already have complementary operations in the sleeve labeling segment. Combined sleeve product sales between the companies totaled roughly $700 million in 2025. CCL expects to increase Sleever’s profitability over time by investing in innovation, improving operational efficiencies and expanding sales opportunities across its global platform.
The acquisition remains subject to certain closing procedures, including workers council consultations in France, and is expected to close by mid-2026.
KEY QUOTE:
“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 $700 million sales in 2025. Over the next several years, we aim to raise Sleever’s adjusted EBITDA margins up to the CCL Segment average through a combination of strategic investments to drive innovation, cost savings and new sales growth opportunities. 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.”
Geoffrey T. Martin, President And Chief Executive Officer, CCL Industries
