07.29.21
CCL Industries Inc. announced it has acquired the privately owned Uniter Group of companies. Founded 25 years ago in A Coruña, Spain, Uniter consists of five apparel label factories located in Spain, Portugal, Morocco, Turkey and China. Estimated results for calendar year 2021 are sales of $37.5 million with an adjusted EBITDA of $8.75 million. The purchase price, net of cash and debt, is approximately $53.7 million, subject to customary closing adjustments. The five Uniter factories will become part of the Checkpoint Apparel Labeling Solutions business (ALS).
“The acquisition of Uniter significantly strengthens Checkpoint’s commercial position in the important Iberian retail apparel market as well as adding to its global manufacturing footprint,” said Geoffrey T. Martin, president and CEO of CCL industries Inc. “We are pleased to welcome Charly L. Conde, Uniter’s founder, and his team to the ALS global leadership team headed by Scott Mitchell-Harris, group VP.”
“The acquisition of Uniter significantly strengthens Checkpoint’s commercial position in the important Iberian retail apparel market as well as adding to its global manufacturing footprint,” said Geoffrey T. Martin, president and CEO of CCL industries Inc. “We are pleased to welcome Charly L. Conde, Uniter’s founder, and his team to the ALS global leadership team headed by Scott Mitchell-Harris, group VP.”