By buying Chicago-based ThunderPress for $10m in cash and assumed debt CCL gains facilities in Baltimore, Maryland, Canada and Puerto Rico. From these plants Thunder Press supplies pharmaceutical clients with patient instructional leaflets under the trade name Sertech.
"The Healthcare sector continues to be attractive for us and we have been very successful with similar acquisitions in this product space in the recent past in North America”, said Geoffrey Martin, president and CEO of CCL Industries.
As part of the deal Jeff Adesko, William McDonough and Michael Bergeron, the founders of Sertech, have signed long-term employment agreements.