CCL Industries Inc. acquired pc/nametag Inc. and Meetings Direct, LLC, both of which are privately owned companies with common shareholders, based near Madison, Wisconsin. The two companies supply name badges and meeting registration supplies to professional meeting planners and distributors of promotional material in North America.
Last year’s sales were $36 million, with an adjusted EBITDA of approximately $6.3 million for the combined entities. The purchase price of approximately $37 million includes the acquisition of an associated office, light manufacturing and distribution facility occupied by the entities. The new business will continue to trade as pc/nametag® and Meetings Direct® and report within CCL’s Avery segment.
“Nick Topitzes, the founder and principal shareholder of pc/nametag® and Meetings Direct®, built a great business creating and developing many of the products used by the meeting planner industry,” stated Geoffrey T. Martin, president & CEO of CCL Industries. “Their portfolio of customized and stock printed name badges and holders, badge ribbons, lanyards and wristbands combined with template software solutions make them a leader in this market. We are very pleased Nick chose us as a legacy home for the business that he founded and welcome both him and his management team who will report to Jim Sellors, president of Avery North America.”