Multi Packaging completes acquisition of German folding carton manufacturer Cartondruck, expands manufacturing, distribution platforms in Germany, Poland, U.S.
June 10, 2011
– Multi Packaging Solutions, Inc. (“MPS”), a leading manufacturer of print and packaging for the cosmetics, healthcare, horticulture, media, and consumer markets today announced that it has received regulatory approval in Europe and consummated the previously announced transaction for its acquisition of CD CARTONDRUCK AG (“CARTONDRUCK”), headquartered in Obersulm, Germany.
CARTONDRUCK is a leading manufacturer of premium packaging for the cosmetics, confectionery, consumer, and healthcare markets in Europe and the U.S., with a reputation for innovation and excellence. The purchase offers significant advantages for current and future customers by streamlining the global supply chain and enhancing product and technology innovation.
Commenting on the acquisition, Marc Shore, Chief Executive Officer of MPS stated, “CARTONDRUCK’s reputation for creativity and quality has positioned them as one of the foremost suppliers of print and packaging in Europe. With the addition of CARTONDRUCK, we have now established a manufacturing and distribution platform on two continents with strategic locations in Germany, Poland, and the United States to service global and regional customers. We welcome the dedicated CARTONDRUCK employees to the MPS team and look forward to working with them to continue our strategic path forward.”
Financial terms of the transaction were not disclosed.
Multi Packaging Solutions:
Multi Packaging Solutions, a portfolio company of Irving Place Capital, is a leading manufacturer of print, packaging, labels, inserts, and POP for the cosmetics, healthcare, horticultural, media, and value added consumer markets. With the addition of CARTONDRUCK, MPS has 18 manufacturing locations in the U.S. and Europe. The company’s seasoned management, sales, and design teams bring vast experience in print and packaging to current and future customers. Unlike traditional packaging companies, MPS is unique in its depth of industry experience, breadth of technologies and range of resources. More information is available at www.multipkg.com.
CARTONDRUCK is a worldwide leading manufacturer of high quality folding cartons with plants located in Germany, Poland, and the U.S. The most renowned names in the fragrance, cosmetic and hair-colour industry as well as the luxury and the chocolate industries choose the exclusive folding boxes from CARTONDRUCK to present their quality products. CARTONDRUCK offers innovative packaging solutions and a host of ground-breaking printing and finishing possibilities.
Irving Place Capital
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations, and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in more than 50 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.
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