Multi-Color Corporation Completes Constantia Labels Division Acquisition

Multi-Color Corporation completed its acquisition of the Labels Division of Constantia Flexibles from Constantia Flexibles GmbH in a cash and equity transaction valued at approximately $1.3 billion (€1.15 billion). The combined annual revenues of the two businesses will be approximately $1.7 billion.
 
The combination brings together Constantia Labels’ Food and Beverage business with Multi-Color’s Home and Personal Care and Wine and Spirits platforms, as well as its emerging global position in Healthcare. The acquisition will provide additional growth opportunities for Multi-Color in Home and Personal Care through Constantia Labels’ European operational footprint and assets, and for Constantia Labels in Food and Beverage through Multi-Color’s US operational footprint and assets.The stronger combined footprint in Asia will provide further revenue opportunities.
 
The company adds Constantia’s 2,800 associates to the Multi-Color team, as well as Mike Henry, current EVP and head of Constantia Labels, who becomes CEO-elect of Multi-Color and will be appointed CEO in January 2018.






Image via Shutterstock