Label and packaging producer CCL Industries has signed a binding option agreement to acquire shrink sleeve technology company Sleever International Company SAS.
Sleever is headquartered near Paris and operates 11 manufacturing facilities in Canada, France, Germany, Belgium, Ireland, Poland, China and Brazil. The company reported approximately $213 million (£161 million) in sales in 2025 with an estimated adjusted EBITDA margin of 11.1%. The transaction is expected to close by mid-2026, subject to required procedures including workers council consultations in France.
The acquisition is intended to expand CCL’s capabilities in sleeve decoration technologies. Guenther Birkner, president of Food & Beverage, Healthcare & Specialty and Innovia at CCL, said: “The acquisition combines our respective sleeve product lines and brings together two innovation-driven organisations with complementary strengths in premium labelling 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.”
According to the CCL, Sleever’s portfolio includes sleeve material technologies, energy-efficient sleeve application systems and decoration services designed to reduce waste and support circular packaging systems. CCL said integrating these capabilities with its global manufacturing footprint, sustainable product portfolio and research and development resources is expected to support the development of new packaging solutions for multinational and regional customers and create opportunities for further growth.
The combined operations are expected to strengthen CCL’s ability to provide expanded manufacturing capacity closer to customers, additional sustainable sleeve material options, advanced application and decoration technologies aimed at improving efficiency and lowering energy use, and faster product development through shared engineering and research capabilities. The company said the acquisition reflects its broader strategy to support brand owners responding to increasing regulatory and consumer expectations for environmentally responsible packaging while maintaining performance and visual appeal.
Following the transaction, the combined sleeve-related operations of the two companies are expected to represent a platform generating approximately $700 million (£525 million) in sales based on 2025 figures.
Geoffrey Martin, president and CEO of CCL, commented: “We have known Eric Fresnel, the visionary, entrepreneurial leader and principal shareholder of Sleever, for almost 20 years.
“We welcome all 910 employees from Sleever and Eric Fresnel who will remain in an advisory role to support the transition.”
