Multi-Color To Acquire York Label Group

The approximate purchase price for York Label Group is $356 million, payable in debt assumed, Multi-Color stock, and cash. The acquisition is expected to be accretive in fiscal year ended March 2013. Closing is expected on or about October 3, 2011.

York Label Group (owned by Adhesion Holdings Inc.), is headquartered in Omaha, Nebraska and is privately held by Diamond Castle Holdings. York Label Group revenues for 2010 were approximately $240 million, including 100 percent of their joint venture in Chile, which is also being fully acquired as part of this transaction. The majority of York’s revenues are in the growth pressure-sensitive label markets for home and personal care, food and beverage, and wine and 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.