2013-09-24 15:04:02 -
CINCINNATI, OHIO, September 24, 2013 - Multi-Color Corporation (MCC),
(NASDAQ:LABL) today announces it has entered into agreements to acquire 100% of
John Watson & Company Limited, based in Glasgow, Scotland and Gern & Cie SA,
based in Neuchatel, Switzerland. Both acquisitions are expected to be completed
on 1(st) October 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 SA 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 our 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."
About Multi-Color ( 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 3,000 associates across 28
operations globally and is a public company trading on the NASDAQ Global Select
Market (company symbol: LABL).
For additional information on Multi-Color, please visit www.mcclabel.com
For more information on this press release, please contact:
President & CEO
4053 Clough Woods Drive
Batavia, Ohio 45103
+1 (513) 345-1158
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Source: Multi-Color Corporation via Thomson Reuters ONE