Toronto-based CCL Industries, a packaging solutions provider and global leader in specialty label manufacturing, is set to acquire Sleever International, a family-owned global provider of shrink sleeve labels, equipment, and decorative services for consumer packaged goods and healthcare markets. The purchase consideration is estimated at approximately 151 million dollars (some 130 million euros).
Headquartered near Paris, France, Sleever operates 11 manufacturing facilities in Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil. Sales for the calendar year of 2025 were approximately 213 million dollars.
The French company oversees the entire sleeve production process, from film extrusion to application on packaging, including printing, shaping, and the manufacture of dedicated machinery.
The transaction should close by mid-2026, subject to the completion of certain procedures, including workers council consultations in France.
“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 sales in 2025. Over the next several years, we aim to raise Sleever’s adjusted EBITDA margins up to the CCL Segment average through a combination of strategic investments to drive innovation, cost savings and new sales growth opportunities. Eric Fresnel will continue with us post close to provide support in an advisory capacity and we look forward to welcoming Sleever’s 900 employees to our Company,” commented Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries.
