Multi-Color Corporation acquires Mexican converter Flexo Print

Flexo Print is a leading producer of home and personal care, food and beverage, wine and spirit and pharmaceutical labels in Latin America with annual revenues of approximately US$30 million.

Going forward, the business will change its name to Multi-Color Corporation (Mexico).

Multi-Color president and chief executive officer Nigel Vinecombe said: ‘We are delighted to have Flexo Print join our Multi-Color group. This acquisition offers us significant growth opportunities in Mexico through our many common customers, technologies and suppliers. Flexo Print's current president, Fernando Aranguren, is staying on to lead the company, along with his experienced management team and staff.

'We look forward to working with the Flexo Print team to continue to expand the Multi-Color group into Latin America.’

Aranguren, said: ‘Joining global label company Multi-Color Corporation is a natural progression for us to support growth with our national and international brand owners with more and more of their label needs. Our portfolio now includes shrink sleeves and pouches and we are excited about the comprehensive label solutions we can provide as part of Multi-Color.’

During the three months up to the end of June 2013, Multi-Color also expanded its global leadership position in wine labels by completing acquisitions in Australia and France. These acquisitions are expected to add approximately US$10 million in annual revenues.

In Adelaide, Australia, it acquired the wine division of Labelmakers. The operations for this acquisition were consolidated into Multi-Color Corporation Adelaide during the quarter.

In the Champagne region of France, Multi-Color acquired Imprimerie Champenoise. This acquisition complements Multi-Color's existing French operations in Burgundy and increases the company’s ability to support local champagne producers in the region.