SHARONVILLE, Ohio—Multi-Color Corporation announced it has completed the acquisition of Collotype International Holdings Pty. Ltd. for $200 million (Australian Dollars), plus an additional $10 million (Australian Dollars) upon achieving certain financial targets. The transaction is expected to be accretive to earnings immediately. Multi-Color estimates this acquisition will increase Earnings per Share by 22 cents to 24 cents in the first full year of operation. Pro forma results will be reported in a subsequent 8-KA filing with the SEC on or about May 14, 2008. Established in 1903, Collotype generates over US$130 million in annual revenues and is a leading pressure sensitive wine and spirits
Multi-Color Corporation
SHARONVILLE, Ohio—Multi-Color Corporation has signed a Letter of Intent to acquire Collotype International Holdings Pty. Ltd. Collotype is a pressure-sensitive wine and spirits label manufacturer and a growing provider of labels in the fast-moving consumer goods marketplace. Multi-Color President and CEO Frank Gerace said, “This transaction will be a large step toward our strategy of building a global platform in the consumer labels business, capable of serving premium brands by leveraging complementary technologies, innovation, talent, and customer relationships. I am especially pleased to welcome Nigel Vinecombe and his management team to Multi-Color upon closing of the transaction and look forward to growing our business
SHARONVILLE, Ohio— Multi-Color Corporation announced the signing of a Letter of Intent (a.k.a., Heads of Agreement) to acquire Collotype International Holdings Pty. Ltd. Multi-Color President and CEO Frank Gerace said, “This transaction will be a large step towards our strategy of building a global platform in the consumer labels business, capable of serving premium brands by leveraging complimentary technologies, innovation, talent and customer relationships. I am especially pleased to welcome Nigel Vinecombe and his management team to Multi-Color upon closing of the transaction and look forward to growing our business together.” Commenting on the deal, Collotype Group Managing Director Nigel Vinecombe added, “Collotype and
SHARONVILLE, Ohio—Multi-Color Corporation has announced plans to expand its manufacturing operations with the purchase of a 247,000 sq. ft. building in Batavia, Ohio. Multi-Color is investing in this facility to create a platform for the future in order to take full advantage of the long-term growth opportunities in the decorative label industry. Multi-Color plans to consolidate its current Batavia, Ohio and Troy, Ohio operations into the new Batavia facility during the next several months. By consolidating these operations, Multi-Color expects to achieve manufacturing efficiencies while expanding needed capacity for long-term growth. Two of the company’s recently acquired presses will be located in this new
Every year as we turn the page on autumn and bundle up for the winter months, it seems as though ordinary things become a bit more magical. The holidays bring the twinkle of lights, the shimmer of freshly fallen snow, and the glimmer reflected by ornaments. Last December, Miller Brewing Company wanted in on some of that magic. The company’s Miller Lite brand took on a dramatic wintry look for the holidays, showing off the sparkle of its limited-edition metallized packaging. Graphic Packaging International created the paperboard basket carrier with eye-catching 3D holography. “Miller wanted an exciting look that first captures the eye, then
SHARONVILLE, Ohio—Multi-Color Corporation has purchased another Omet Varyflex Flexo Press. The company needs this additional flexographic capacity to keep up with growing demand. Multi-Color has acquired three new presses in the last three months. The new press offers the flexibility for high-quality flexo print, screen printing, lamination, and foil stamping. The press will have an integrated vision system to hold tight registration to provide high-quality flexographic printing. “The additional flexo capacity strengthens our value proposition and enables us to offer our customers the highest quality flexo printing as well as shorter lead-times, improved manufacturing efficiencies, and multiple decorating solutions,” said Don Kneir, president of
SHARONVILLE, Ohio—Multi-Color Corporation has been listed on Forbes 200 Best Small Companies. Multi-Color is ranked 86th in this prestigious group with revenues of $229 million for last 12 month period. Forbes judged candidates with revenues between $5 million and $750 million and share prices above $5 as of Oct. 1, 2007, according to return on equity, as well as sustained sales and net profit growth over 12-month and five-year periods. Multi-Color’s impressive financial performance includes a five-year annual revenue growth of 25.2 percent, and earnings per share growth of 15 percent, giving investors an overall five-year annual return of 22 percent. “Being selected for
KENNESAW, Ga.—Fabrico, a leader in design and manufacturing services for flexible materials, has installed an Aquaflex ELS 2200 13˝ multi-color press at its Kennesaw, Ga. facility. The new flexo printer increases the breadth of materials that may be printed by Fabrico and improves its ability to support intricate designs. It can also be positioned in line with other processes, such as laminating and die-cutting, providing Fabrico with the flexibility to handle multi-step applications. The Aquaflex is a multi-step manufacturing system that supports four-color process or four matched colors using water-based or UV-cured ink. Two-sided printing is also available. Finished products can be delivered in
CINCINNATI, Ohio—Multi-Color Corporation announced that on Aug. 16, 2007, its board of directors declared a three-for-two stock split. The stock split will be effected through a 50 percent stock dividend, payable on September 17, 2007 to shareholders of record as of the close of business on Aug. 31, 2007. “On behalf of our board of directors, I am pleased to announce this stock split which demonstrates our confidence in the continued growth of our company. We intend to maintain our historical $.05 per share quarterly dividend which will result in additional returns to our shareholders,” said Frank Gerace, president and chief executive officer of
SHARONVILLE, Ohio—Multi-Color Corporation has purchased an HP WS4500 digital press to meet its customer’s growing demands for more customized decorating solutions at small- to mid-range print run quantities. This is the second new press acquisition by Multi-Color Corporation in recent weeks. This new digital press is expected to have quicker changeovers, less scrap, and direct-to-press speeds to deliver high-quality, cost-effective labels for pressure-sensitive, in-mold, shrink sleeve, and cut and stack labels. To take full advantage of these new digital print capabilities, Multi-Color Corporation is placing this new press at its Green Bay, Wis. facility. “This new technology addresses one of the market’s top issues;