CCL Industries entered into a binding option agreement to acquire Sleever International, a global specialist in shrink sleeve technology, in a move designed to significantly expand its capabilities in premium labeling and packaging decoration. Sleever, headquartered near Paris with 11 manufacturing sites worldwide, generated approximately $213 million in sales in 2025. The transaction is expected to close by mid-2026, pending regulatory processes and consultations.
The acquisition positions CCL to take advantage of the rapid growth of shrink sleeve technology, which is gaining traction among brand owners looking for stronger shelf impact, greater consumer engagement, and improved sustainability outcomes. Sleever brings a portfolio that spans advanced sleeve materials, energy-efficient application systems, and decoration services engineered to reduce waste and support circular packaging models.
By combining Sleever’s capabilities with CCL's global manufacturing and R&D, we aim to accelerate innovation and deliver more sustainable, high-performance packaging at scale. After completion, the combined sleeve business is expected to generate about $700 million in annual sales, supporting CCL’s strategy to help brands navigate increasing regulatory pressures while maintaining visual differentiation and operational efficiency.
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