Further acquisition for Multi-Color in Italy

US-based converting group Multi-Color Corporation (MCC) has acquired Italian wine label printer La Cromografica. MCC will pay 8.3 million euros for 100 percent ownership of the Florence-based company, whose revenues in 2010 were approximately USD $11 million (8 million euros).

‘The acquisition perfectly complements our existing Italian business, Guidotti Centrostampa, by providing short run technology solutions common to our wine label businesses in the USA, France, Australia and South Africa,’ said Nigel Vinecombe, MCC president and CEO. ‘We know La Cromografica's type of business extremely well and have been impressed by Guidotti Centrostampa's performance and the opportunities in the Italian wine market. This is a perfect match for us.’ 

La Cromografica's management and team will continue to run the business from their current Florence location with general manager Marco Caciotti reporting to European president Andrea Guidotti.

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