Multi-Color acquires New Era Packaging
Multi-Color Corporation has acquired 100 percent of New Era Packaging, a specialist label manufacturer for the healthcare, pharmaceutical and food industries based near Dublin, Ireland.
New Era's joint managing director John Peat and the management team will continue to run the business and operate from its current facility.
Multi-Color Corporation said the acquisition is part of an effort to place a greater focus on the growing healthcare label market, particularly in Europe.
Nigel Vinecombe, Multi-Color Corporation president and chief executive officer, said: ‘We supply the healthcare label market in the US, Canada, Mexico and Poland, and see Europe as a large market we can develop, especially with the expertise from New Era.’
‘We are delighted to be joining Multi-Color Corporation and are looking forward to the opportunities this will bring,’ added Peat.
In other market news, Multi-Color Corporation recently acquired Multi Labels as it looks to complete its plan for wine and spirit labels in the UK and Ireland.
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