|June 21, 2019||0|
Avery has made a small acquisition for a label company in Canada.
Colle à Moi (Stick2Me in English), is an online reseller of customiseable, durable labels for the school and children’s markets.
The company began in 2015 by Annie Nardeau, who personally illustrates the label collections. Sales for the 12 months ending 31 July are expected to be $1.3 million, but the company enjoys an EBITDA margin of around 65%. However, CCL is paying about C$3 million (US$2.2 million) for the business.