CCL Industries Inc has signed a binding option agreement to acquire Sleever International Company SAS, a family-owned specialist in shrink sleeve technologies, application equipment, and decorating services for consumer packaged goods and healthcare markets worldwide.
With headquarters near Paris and 11 manufacturing sites across Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil, Sleever generated approximately $213 million in sales last year, with an estimated 11.1% adjusted EBITDA margin.
The transaction is expected to close by mid-2026 following required procedures, including workers council consultations in France.
The combined platform is tipped to strengthen the CCL portfolio to offer customers a broader global manufacturing network, expanded sustainable sleeve options, high-end application and decoration technologies, and accelerated innovation cycles through shared R&D and engineering capabilities.
Geoffrey T. Martin, president and CEO of CCL Industries Inc., said, “We have known Eric Fresnel, the visionary, entrepreneurial leader and principal shareholder of Sleever, for almost 20 years. We are excited to have the opportunity to combine our respective sleeve product lines; together approximately $700 million in sales in 2025. We welcome all 910 employees from Sleever and Eric Fresnel who will remain in an advisory role to support the transition.”
