Multi-Color Corporation (MCC) announced 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 Oct. 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 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 MCC’s existing French operations.
"These acquisitions strengthen our leadership position in the large European wine and spirit label markets,” said Nigel Vinecombe, MCC president and CEO. “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."