01.11.22
CCL Industries Inc. announced it has acquired privately owned McGavigan Holdings Ltd., a leading supplier of in-mold decorated components for automotive interiors.
McGavigan supports its global automotive customer base from a long established manufacturing plant in the UK and a recently completed, wholly owned greenfield facility in China, where a significant majority of its operations are based. Capabilities include state-of-the-art clean rooms with technical screen printing, high precision forming, injection moulding and automation technologies.
For the calendar year 2021, consolidated sales and adjusted EBITDA are estimated to be $55.7 million and $14.6 million, respectively. The purchase price consideration, net of cash acquired and debt assumed, is approximately $105.5 million.
“We have known McGavigan and its key people for many years, and are very pleased to welcome the team to CCL where they will continue to focus on innovative specialty product designs for automotive interiors,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc. “This acquisition significantly expands our presence in the automotive sector in China and brings important new product and technology platforms to our CCL Design global network, headed by Derek Cumming, group vice president.”
McGavigan supports its global automotive customer base from a long established manufacturing plant in the UK and a recently completed, wholly owned greenfield facility in China, where a significant majority of its operations are based. Capabilities include state-of-the-art clean rooms with technical screen printing, high precision forming, injection moulding and automation technologies.
For the calendar year 2021, consolidated sales and adjusted EBITDA are estimated to be $55.7 million and $14.6 million, respectively. The purchase price consideration, net of cash acquired and debt assumed, is approximately $105.5 million.
“We have known McGavigan and its key people for many years, and are very pleased to welcome the team to CCL where they will continue to focus on innovative specialty product designs for automotive interiors,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc. “This acquisition significantly expands our presence in the automotive sector in China and brings important new product and technology platforms to our CCL Design global network, headed by Derek Cumming, group vice president.”