MCC Acquires Wine and Spirit Label Specialists
CINCINNATI—September 24, 2013—Multi-Color Corporation (MCC) has entered into agreements to acquire 100 percent of John Watson & Company, based in Glasgow, Scotland, and Gern & Cie, based in Neuchatel, Switzerland. Both acquisitions are expected to be completed on October 1, 2013, and are expected to be immediately accretive. Combined annual revenues are approximately USD $20 million.
John Watson & Company is the leading wet glue spirit label producer in the UK. Based in Glasgow, Scotland, the business is ideally located for its key customers and complementary with MCC's existing Glasgow business (formerly Labelgraphics), the leading pressure sensitive spirit and wine label producer.
Gern & Cie is the premier wine label producer in Switzerland, located in the French-speaking wine region of Neuchatel, with the same customer expectations and technologies as MCC's existing French operations.
MCC President and CEO Nigel Vinecombe stated, "These acquisitions strengthen our leadership position in the large European Wine & Spirit label markets. We are delighted that both management teams will continue to run the businesses, allowing for the current owners John Watson and Michel Quinche to retire after successfully leading their companies to the best in their markets."
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 3,000 associates across 28 operations globally and is a public company trading on the NASDAQ Global Select Market (company symbol: LABL).