Multi-Color acquires Polish converter

US-based converting group Multi-Color Corporation (MCC) has agreed to purchase Warsaw, Poland-based label printer Warszawski Dom Handlowy (WDH).

The purchase price is approximately USD $9.3 million, payable in cash. Closing is expected to be on or about July 1, 2011. WDH had revenues of approximately USD $11 million in 2010. The company supplies a number of large consumer products international brand owners in home and personal care markets, consistent with MCC's larger customers in the US. The company will be renamed Multi-Color WDH (Poland).

‘This acquisition is consistent with our strategy to support international brand owners in more markets, especially developing markets like China and Central and Eastern Europe,’ said Nigel Vinecombe, president and CEO of Multi-Color. ‘WDH owners Andrzej Piatkowski and Miroslaw Szczesny will continue to run the company they started over 20 years ago. The company specializes in the growing pressure sensitive label market with similar modern technologies to many of MCC's operations.  We are excited about the growth opportunities in Poland and in Central and Eastern Europe and WDH provides MCC with an excellent platform for growth in this region.’

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