Multi-Color completes acquisition of pressure-sensitive label company York Label for US$356M
October 3, 2011
– Multi-Color Corporation (NASDAQ: LABL) has completed its previously announced acquisition of privately held York Label Group.
The purchase price for York Label Group is $356 million, with approximately $266 million payable in debt assumed, $64 million payable in 2.7 million shares of Multi-Color stock and $26 million in cash, subject to certain post-closing adjustments.
York Label Group is headquartered in Omaha, Nebraska and provides label solutions primarily in the pressure-sensitive label markets for Home & Personal Care, Food & Beverage, Wine & Spirit and Healthcare through long-standing relationships with blue chip national and multi-national customers. York has 12 plants across the U.S., Canada and Chile with approximately 1,200 employees.
About Multi-Color (http://www.mcclabel.com)
Cincinnati, Ohio, U.S.A. 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 1,650 associates across 18 operations globally (prior to this transaction) and is a public company trading on the NASDAQ Global Select Market Exchange (company symbol: LABL).
For additional information on Multi-Color, please visit http://www.mcclabel.com.