Printer News - June 2011

Existing business assets will be transferred to two new companies, Collotype Labels (Chile) S.A. and Collotype Labels (Argentina) S.A. The companies will focus on providing premium labels to the expanding Latin American wine and spirit markets and thus will operate using MCC's Collotype trade name.

"We have been keen to establish operations in Latin America and see this as an attractive first step," said MCC President and CEO, Nigel Vinecombe. "We have known Mr. Aravena for many years and appreciate this opportunity to partner with him and his established team. They have a proven track record in the region, have recently invested in the latest pressure-sensitive label technology and have long-standing customer relationships. Together we see exciting growth opportunities in these developing markets."