CCL Industries Inc. has announced that it has signed a binding agreement to acquire Advanced Safety Technologies B.V. and its subsidiaries dba ALT Technologies (ALT), a privately-owned provider of covers, wraps and seals for automotive airbags along with durable labels for automotive and industrial markets. ALT operates manufacturing facilities in the Netherlands, Romania, China and Mexico.

ALT sales for the prior twelve months ending November 30, 2025, were approximately $67 million (CA) with an estimated 11.3% adjusted EBITDA margin. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $32 million (CA). The transaction is expected to close during the second quarter of 2026, subject to regulatory procedures.

Geoffrey Martin, president and CEO of CCL Industries Inc., comments, “We have known ALT and its management for over 25 years and followed them as they developed into a global leader in the airbag industry. The acquisition will create a new Automotive Safety business unit within CCL Design, and we look forward to welcoming the talented ALT team to our Company.”