CCL Industries has signed a binding Option Agreement to acquire shrink sleeve company Sleever, a move anticipated to expand its global manufacturing network and its application and decoration technologies.
With headquarters near Paris and 11 manufacturing sites across Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil, Sleever reportedly generated around $213 million in 2025 sales with an estimated 11.1% adjusted EBITDA margin. The transaction is expected to close by mid-2026 following required procedures, including workers council consultations in France.
CCL says that Sleever adds to its existing portfolio of complementary sleeve material capabilities, energy-efficient sleeve application systems and decoration services designed to reduce waste and support circularity. It adds that the new combined platform will offer customers a broader global manufacturing network with improved supply resilience; expanded sleeve options; customized material solutions and accelerated innovation cycles through shared R&D and engineering capabilities.
Geoffrey T. Martin, president and chief executive officer of CCL Industries Inc., commented:
“We have known Eric Fresnel, the visionary, entrepreneurial leader and principal shareholder of Sleever, for almost 20 years. We are excited to have the opportunity to combine our respective sleeve product lines; together approximately $700 million in sales in 2025. We welcome all 910 employees from Sleever and Eric Fresnel who will remain in an advisory role to support the transition.”
In related news, last month CCL Label and Checkpoint launched SmartCask, a digital identification and data platform that integrates data chips onto whisky casks, designed to provide ‘secure, long-term traceability’ in response to growing demand for trust, transparency and verified ownership in the Scotch whisky market. According to CCL, each chip functions as a permanent digital passport, securely storing verifiable information relating to cask origin and filling details, liquid contents, ownership records and movement history across warehouses and supply chain partners.
The company also unveiled a portfolio of labels, sleeves, pouches, and lids for dairy packaging, collectively designed for existing recycling streams with the aim of Packaging and Packaging Waste Regulation (PPWR) compliance. The new products include the EcoFloat sleeve, intended to detach cleanly from PET bottles during the sink-float recycling process for bottle-to-bottle recycling.
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