CCL Industries, the world’s largest label converter, has announced that it has acquired the shares of Colle a Moi Inc. (CAM), a privately-owned company, based in Quebec City, Canada.

Founded in 2015, CAM is a manufacturer of personalized kid’s labels. CAM’s forecast sales for the year ending July 31, 2019 are expected to be $1.3 million with an estimated 65% EBITDA margin. The debt free, all-cash purchase consideration, subject to customary closing conditions, is approximately $3.0 million.

Geoffrey Martin, president and CEO of CCL, comments: “This is the eighth bolt-on acquisition we have made since acquiring Avery in 2013 as we continue to build our rapidly growing portfolio of web-to-print technologies and brands using software and related supplies. The addition of Colle a Moi complements similar end-use propositions already present in our global portfolio of brands.”