Multi-Color said it has a binding agreement to purchase Guidotti for 50.5 million euros, (USD $61.6 million), according to a press release. The deal is expected to be completed by July 1.
The purchase will give the Cincinnati-based company an entry into the olive oil label market. Guidotti, based in
Andrea Guidotti, who heads Guidotti, will serve as president and managing director of Multi-Color’s European wine and spirits operations, Multi-Color president and CEO Nigel Vinecombe said.
‘We recognize the Guidotti family’s success in building one of
Guidotti will be part of Multi-Color’s Collotype Wine & Spirit Label division.
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