Label maker expands technology portfolio.

 

Toronto-based CCL Industries has announced an acquisition in the visitor management segment for its Avery subsidiary.

 

CCL has purchased Threshold Visitor Management Systems, a provider of visitor sign-in, tracking and ID badge solutions, including its proprietary software, e-Visitor. 

 

Founded in 1961 and based in Farmington (CT), Threshold’s sales for the twelve trailing months to January 2023 were approximately US$7 million, with a 25 per cent adjusted EBITDA margin.

 

The debt-free, all-cash purchase price is estimated at US$6.8 million, subject to customary closing conditions.

 

“This acquisition continues to build on Avery’s rapidly growing portfolio of badging and credentials technologies, products and brands using software and related supplies,” said CCL CEO Geoff Martin.

 

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