Multi-Color Corporation Acquires Flexo Print
CINCINNATI, OHIO—July 24, 2013—Multi-Color Corporation has entered into an agreement to acquire 100 percent of Flexo Print S.A. De C.V., based in Guadalajara, Mexico. The acquisition is expected to be completed on August 1, 2013.
Flexo Print is a leading producer of home and personal care, food and beverage, wine and spirit, and pharmaceutical labels in Latin America with annual revenues of approximately $30 million.
Multi-Color President and CEO Nigel Vinecombe expressed, "We are delighted to have Flexo Print join our Multi-Color group. This acquisition offers us significant growth opportunities in Mexico through our many common customers, technologies and suppliers. Flexo Print's current President, Fernando Aranguren is staying on to lead the company, along with his experienced management team and staff. We look forward to working with the Flexo Print team to continue to expand the Multi-Color group into Latin America. The business will change its name to Multi-Color Corporation (Mexico)."
Flexo Print has been a leader in pressure sensitive labels since its establishment in 1994. Flexo Print President Fernando Aranguren stated, "Joining global label company, Multi-Color Corporation, is a natural progression for us to support growth with our national and international brand owners with more and more of their label needs. Our portfolio now includes shrink sleeves and pouches and we are excited about the comprehensive label solutions we can provide as part of Multi-Color."
Wine Label Acquisitions
During the three months ended June 30, 2013, Multi-Color Corporation (MCC) also expanded its global leadership position in wine labels by completing acquisitions in Australia and France. These acquisitions are expected to add approximately $10 million in annual revenues.
In Adelaide, Australia, MCC acquired Labelmakers Wine Division. The operations for this acquisition were consolidated into MCC Adelaide during the quarter.
In the Champagne region of France, MCC acquired Imprimerie Champenoise. This acquisition complements our existing French operations in Burgundy and increases our ability to support local champagne producers in the region.
About Multi-Color Corporation
Cincinnati-based Multi-Color Corporation (MCC), established in 1916, is a leader in global label solutions supporting a number of the world's most prominent brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs approximately 2,800 associates across 28 operations globally and is a public company trading on the NASDAQ Global Select Market.
Source: Multi-Color Corporation.