CCL Industries Inc., has signed a binding option agreement to acquire Sleever International Company SAS. Sleever is a family-owned pioneer in shrink sleeve technologies, application equipment, and high-end decorating services. The company serves the consumer packaged goods and healthcare markets worldwide.

With headquarters near Paris and 11 manufacturing sites across Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil, Sleever generated approximately $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.

Enhancing sleeve decoration offerings

Guenther Birkner, president, Food & Beverage, Healthcare & Specialty and Innovia, states, “The acquisition combines our respective sleeve product lines and brings together two innovation-driven organizations with complementary strengths in premium labeling and decoration technologies. Shrink sleeves—one of the fastest-growing decoration technologies – play a critical role in helping brands improve shelf impact, enhance consumer engagement, and meet evolving sustainability commitments.”

Sleever adds to CCL’s existing portfolio complementary sleeve material capabilities, energy efficient sleeve application systems, and decoration services designed to reduce waste and support circularity. Integrating these additional capabilities with CCL’s global footprint, sustainable product portfolio, and R&D resources will further strengthen the development of next-generation sustainable solutions for multinational and regional customers alike and open up growth opportunities.

Advancing Innovation and Circular Packaging

The combined platform will strengthen CCL portfolio to offer customers:

• A broader global manufacturing network – close to customers and with improved supply resilience.
• Expanded sustainable sleeve options, many customized material solutions.
• High-end application and decoration technologies to improve efficiency and reduce energy use.
• Accelerated innovation cycles through shared R&D and engineering capabilities.

This acquisition underscores CCL’s commitment to helping brand owners meet rising regulatory and consumer expectations for environmentally responsible packaging. CCL accomplishes this without compromising performance or aesthetics, the company says.

A Combined $700 Million Sleeve Platform

Geoffrey T. Martin, president and CEO of CCL Industries, comments, “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.”