Morangis-based Sleever International, a family-owned group, is acquired by Canadian CCL Industries for 151 million Canadian dollars (96 million euros). With this acquisition, CCL Industries, which has 26,000 employees and 214 sites in 42 countries, becomes a key player in the shrink sleeve market.
Sleever International, which specializes not only in shrink sleeves but also fitting machines and contract packaging, employs 900 people at 11 sites in France, Canada, Germany, Belgium, Ireland, Poland, China and Brazil. Headed by Éric Fresnel, the French group achieved sales of ?135 million in 2025, with an adjusted EBITDA of 11.1%.
Geoffrey Martin, President and CEO of CCL Industries (sales of C$ 7663 million in 2025, or 4.9 billion euros), comments: "We have known Eric Fresnel, visionary and entrepreneurial leader and principal shareholder of Sleever, for nearly 20 years. We are delighted to be able to unite our respective sleeve ranges, which together will represent sales of around $700 million by 2025."
The Canadian head of the group, which also includes subsidiaries CCL Label, Avery, Checkpoint and Innovia, intends to bring Sleever's EBITDA margins into line with the CCL segment average (which we calculate at around 22.7%), "through a combination of strategic investments to drive innovation, reduce costs and create new opportunities for sales growth".
The transaction, paid for in cash and assumed debt, is due to be finalized by mid-2026, subject in particular to consultation of the social and economic committee in France. Éric Fresnel will remain involved after closing in an advisory role.
