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CCL Industries buys two European digital printing businesses

CCL Industries has purchased two European direct-to-consumer and software-powered online digital printing businesses to support its Avery unit.

The company has acquired Goed Gemerkt B.V. and Goed Gewerkt B.V. (Goed Gemerkt) privately owned firms, which are based near Utrecht in the Netherlands.

Established in 2003, Goed Gemerkt produces durable and personalized kids labels for the Benelux and German markets.

badgepoint GmbH, badgetech GmbH and Name Tag Systems (Badgepoint) are privately owned companies that were based near Hamburg, Germany.

Founded in 1999, Badgepoint produces patented and premium name tag systems and accessories for the German market.

The combined enterprise value of the two deals is around $34.4m, said CCL.

CCL president and CEO Geoffrey Martin said: "We are pleased to welcome Anouk van Schaardenburg and Regina & Wolfgang Blindow, respectively the founders of Goed Gemerkt and Badgepoint, to our Avery organization headed in Europe & Asia Pacific by Mark Cooper, vice president and managing director.

“Web-to-print technologies and brands using software and related supplies are a rapidly growing part of our Avery business. These two international additions match similar end use propositions already present in our North American portfolio."

In December 2016, CCL Industries agreed to acquire Innovia Group, a UK-based manufacturer of specialty co-extruded, bi-axially oriented polypropylene (BOPP) films for C$1.13bn ($842m).

Innovia Group, a supplier of BOPP films used for labels, packaging and security applications, will be purchased from a consortium of UK based private equity investors managed by Smithfield Group.