Label printing leader sees opportunities in adding a leading RFID specialist.
David Savastano, Editor03.30.16
Smart labels are a strong opportunity for narrow web converters, There are some printers already in the field - Si-Cal and GSI Technologies, to name two – but the largest players have remained relatively silent.
That changed in early March, when CCL Industries, the world’s largest label printer, announced it has entered into a definite agrement to acquire Checkpoint Systems, a major manufacturer of RFID tags and inlays, for $556 million. The boards of directors of both companies unanimously approved the deal, with closing anticipated by mid-2016.
Checkpoint Systems has a major presence in the retail and clothing markets, and is now making inroads in food packaging. In 2015, Checkpoint had revenue of $820 million and adjusted EBITDA of $83 million. One of the reasons Geoffrey T. Martin, president and CEO of CCL, noted for the acquisition is Checkpoint’s relationship to many of the leading retailers.
“We are very pleased to welcome their deeply expe
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