GERMANY – The Netherlands-based Optimum Group has snapped up Germany-based self-adhesive label maker HP-ETIKETT for an undisclosed sum.
As per the terms of the acquisition, the existing management team of HP-ETIKETT will remain within the company.
The deal supports Optimum Group’s European growth plans and is expected to expand its footprint in Germany.
Under the Optimum Group, HP-ETIKETT will now have the potential to better serve its customers by offering more capacity, a large range of self-adhesive labels and flexible packaging solutions, and extra delivery reliability as part of an international printing group.
HP-ETIKETT managing director Eugen Kölling said: “HP-ETIKETT has developed well in recent years, during which we have achieved significant growth based on a strong and dedicated team of employees and investments in sustainably produced labeling solutions.”
The deal will strengthen Optimum’s position as a provider of labels and flexible packaging solutions in northwest Europe, mainly specialty labels, printed and unprinted self-adhesive labels, ribbons, shrink sleeves, bands, multilayer labels, and flexible packaging.
The addition of HP-ETIKETT has increased the number of companies under the group in the Netherlands, Belgium, Germany, and Denmark to 19.
Optimum Group CEO Andre Prophitius said: “With the acquisition of HP-ETIKETT, our German part of the group is strengthened. HP-ETIKETT has a strong commercial and technical profile and an impressive customer base. We look forward to working with the owners, who will all continue in their current roles.
“We are delighted to take this further step in Germany and welcome HP-ETIKETT to the group.”
CCL buys eAgile and the intellectual property of Alert Systems ApS
CCL Industries, a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced it has acquired eAgile and the intellectual property of Alert Systems ApS.
Based in Grand Rapids, Michigan, eAgile is a privately held start-up technology company with proprietary, patented hardware and software solutions for the healthcare industry supplied alongside RFID inlays embedded into labels.
The US$54 million purchase price includes an estimated US$1 million net cash assumed with US$7 million deferred for five years.
The new business will become an integral part of CCL Label’s Healthcare & Specialty business while adding RFID know-how across the Company.
Al Green, Vice President, Technology Development said: “I have known the principals at eAgile for many years, closely watching the development of their unique RFID product suite.
“I look forward to working with them and their team to unlock its potential across the healthcare industry while investigating other opportunities for intelligent labels in CCL’s markets outside of retail & apparel.”
Meanwhile, based in Denmark, Alert provides patented anti-theft solutions currently sold alongside Checkpoint’s Merchandise Availability Solutions (“MAS”) product lines to many European retailers.
The acquired technology is expected to add approximately US$0.5 million EBITDA to Checkpoint in its first full year, compared to a purchase price of US$3 million.
Geoffrey T. Martin, President & Chief Executive Officer of CCL added: “By 2027, we expect eAgile products to generate at least an incremental US$15 million EBITDA through a combination of augmenting sales to CCL Label’s existing healthcare customer base globally and new business wins. Alert’s technology is an important addition to our MAS platform at Checkpoint.”
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