CCL Industries Inc. (TSX:CCL.B), a major global specialty packaging producer, has acquired Thunder Press Inc., a privately owned label company near Chicago. The pricetag of the deal is about US$10 million in cash and assumed debt, CCL said Monday. The U.S. company operates under the Sertech brand name and had annual sales of US$11.2 million in 2010. The acquired company produces patient instructional leaflets for pharmaceutical customers in the United States. CCL Label manufactures similar products at its specialist factories in Baltimore Md., Canada and Puerto Rico. Sertech founders Jeff Adesko, William McDonough and Michael Bergeron have agreed to stay will the company under the new ownership. "The healthcare sector continues to be attractive for us and we have been very successful with similar acquisitions in this product space in the recent past in North America," said Geoffrey Martin, president and CEO of CCL. "The excellent Sertech facility in Chicago and the great team that Jeff assembled while building the business will also allow us to get closer in many respects to pharmaceutical customers based in the Midwest region." Toronto-based CCL Industries employs 5,900 people in 62 plants around the world making labels, aerosol cans, bottles and plastic tubes for customers in the consumer packaging, healthcare, automotive and consumer durable industries.
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