The deal is worth $71m including the settlement of financial debt. Closing is scheduled during the first quarter of 2014 subject to standard completion conditions.
Sancoa supplies throughout North America from its three plants located in New Jersey and one in Ohio.
Sancoa & TubeDec’s combined sales in 2013 were $82.5m The new acquisition will trade as part of CCL Label’s global Home & Personal Care business unit, and will be lead by Ben Rubino, acting as president.
Geoffrey T. Martin, president & chief executive of CCL Industries, said: “We expect to unlock many financial and operational synergies which we will announce in more detail at the closing of the transaction later this quarter.”
CCL Industries employs approximately 10,000 people and operates 89 production facilities in 25 countries throughout five continents.
