01:21 PM EDT, 03/16/2026 (MT Newswires) -- CCL Industries (CCL-B.TO) last Friday said it agreed to acquire Sleever International, a provider of shrink sleeve labels and application equipment, for $151 million, notes Stifel Canada.

"Although not hugely material (potentially ~3% contribution to EBITDA post synergies), we are encouraged to see CCL deploying capital within the core CCL Segment, in a relatively larger tuck-in," writes analyst Daryl Young, who is maintaining a buy rating and $103.00 price target on the stock.

Young added that management previously highlighted, during fourth-quarter reporting, that valuations have "finally begun to normalize", partly due to the private equity backed players running into duress.

"We believe the moderation of activity among over-levered private-equity backed peers has created a unique window for CCL to acquire once again at valuations within their sweet spot (in addition to taking market share organically," Young said.

CCL is executing very well currently, generating dependable FCF leading to rapid de-leveraging despite being active on the NCIB and tuck-in acquisitions.

Price: 86.50, Change: +0.14, Percent Change: +0.16