Avery’s parent company Canada-based parent CCL Industries has announced an agreement to acquire Australia-based children’s label business Stuck On You for around $9 million.

 

Founded in 1995 by Carrie Felton, Stuck on You is a privately held manufacturer of personalised children’s labels, based at Geelong.

 

Mother-of-three Felton started the company when she saw a need for distinctive labels to identify each of her boys’ clothing and toys. Stuck on You was named ‘business of the year’ in this year’s Geelong Business Excellence Awards.

 

Sales for the year ending June 30, 2019, were approximately $9.5 million, with an adjusted $1.45 million EBITDA.

 

“This acquisition complements similar web-to-print propositions already present in our global portfolio of brands,” Avery president Mark Cooper, said.

 

Geoff Martin, CEO of CCL Industries, added: “We plan to continue building our highly-successful direct-to-consumer digital printing franchises in the label, tag and badge arena, both organically and by acquisition.”