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Nilles also enables customers in many end-use markets to purchase custom designed labels online
December 3, 2014
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
CCL Industries Inc. announced it has acquired wine label printer Druckerei Nilles and its related subsidiaries, a private company located in the heart of the German wine producing region on the River Mosel. In addition to its wine label business, Nilles enables European customers in many other end-use markets to purchase custom designed labels online using proprietary e-commerce software, more than 500 domain names and digital printing. Nilles’ 2014 sales are estimated to be approximately $15.7 million with an adjusted EBITDA of $2.7 million. The transaction enterprise valuation is $17.3 million in cash, assumed debt, pension liabilities and deferred equity compensation. “This acquisition complements our growing presence in an important global market; Germany is the eighth largest wine producing country in the world, posting consistent growth over the last five years,” said Geoffrey T. Martin, president and CEO of CCL Industries.
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