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news.CCL Industries, a provider of specialty packaging solutions for the consumer products and healthcare industries, has taken over Thunder Press, which operates under the trade name Sertech.
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Sertech prepares patient instructional leaflets for its US pharmaceutical customers.
The acquired company will immediately change its trading name to CCL Label.
CCL Label manufactures similar products at its specialist factories in Baltimore MD, Canada and Puerto Rico.
CCL expects the final purchase price will be approximately $10m in a combination of cash and assumed debt.
Jeff Adesko, William McDonough and Michael Bergeron, the founders of Sertech, have signed long-term employment agreements as part of the transaction and will join the Healthcare Solutions business group of CCL Label North America led by Jim Sellors, vice president and general manager.
CCL Industries president and CEO Geoffrey Martin said Sertech facility in Chicago and the team that Jeff assembled while building the business will allow them to get closer in many respects to pharmaceutical customers based in the Midwest region.