The acquisition of Paris Art, a respected manufacturer of labels and shrink sleeve products to the branded consumer marketplace in the US, fits with MPS’s previously announced strategy to expand its capability and presence in the label sector globally.
“Both companies share a common vision: to provide innovative products of the highest quality to our customers,” Marc Shore, CEO of MPS, said. “Acquiring Paris Art is a significant step in enhancing our offering to our customers and achieving our strategic goals.”
“We are proud of the high quality and innovative label and shrink print packaging we have designed and delivered to leading consumer and cosmetics customers for over 90 years and believe that MPS will be an excellent home for our customers and employees,” Ron Tarantino, president and owner of Paris Art stated. “Additionally, I am pleased to say that I, and the Paris Art management team, will be staying on with the new entity going forward.”