CCL INDUSTRIES ACQUIRES CSI.

CCL Industries Inc. has announced the acquisition of Clinical Systems, Inc. ("CSI"), a specialized provider to the United States clinical trials industry.

CSI, a label producer based in Garden City, NY, USA, specializes in patient information booklets and has developed a new software driven "eLabel" product for clinical trials providers. The enterprise value of the transaction, net of cash and debt, is approximately $19.4 million. Sales for the 12 months ending December 31, 2019, are approximately $14.4 million, with an estimated adjusted EBITDA of $3.5 million.

CSI will be...

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