CCL Industries, a Toronto label manufacturer with a large corporate presence in Framingham, announced this morning that it has acquired the privately owned Uniter Group of companies.
Founded 25 years ago in A Coruña, Spain, Uniter consists of five apparel label factories located in Spain, Portugal, Morocco, Turkey and China, according to a release from CCL Industries. The five Uniter factories will become part of the Checkpoint Apparel Labeling Solutions business.
“The acquisition of Uniter significantly strengthens Checkpoint’s commercial position in the important Iberian retail apparel market as well as adding to its global manufacturing footprint,” Geoffrey Martin, president and CEO of CCL Industries Inc., said in the release.
The purchase price, net of cash and debt, is approximately $53.7 million, subject to customary closing adjustments.
