CCL Industries Expands in Malaysia

CCL Industries Inc. announced that it signed a binding agreement to acquire Super Enterprises Printing (Malaysia) Sdn. Bnd., based in Kuala Lumpur with a second manufacturing operation in Guangzhou, China. 

 

SEP is a supplier of decorative panels, liquid crystal & touch screen display covers and in-mold decorated components for the consumer electronics and automotive sectors across Asia. 

 

For the trailing twelve months ending Sept. 30, 2020, sales were $26.4 million, with adjusted EBITDA estimated at $3 million. 

 

The approximate $20 million purchase price includes two buildings housing operations in Kuala Lumpur. 

 

Closing is planned before the end of the year, at which time the new business will trade as CCL Design. 

 

“We are pleased to expand our highly successful CCL Design operations in Asia, adding in-mold decorating and technical screen-printing technologies, as well as strong sales and project engineering resources throughout the region. Our key people have known SEP for some time, and welcome all their employees to CCL,” said Geoffrey T. Martin, president and CEO of CCL Industries Inc.