Multi-Color Corporation (MCC) has acquired Melbourne, Australia-based Herrods, one of the leading providers of in-mold labels (IML) in Australia and New Zealand. The financial terms of the transaction were not disclosed.
Herrods, founded in 1963, has 69 employees and is currently investing to expand its footprint to satisfy increased demand. Herrods leadership team to continue running a business under an existing brand.
‘IML solutions are in high demand globally, and Herrods is one of the best, most innovative providers in the industry,’ commented Nigel Vinecombe, CEO of Multi-Color Corporation. ‘For more than 50 years, the company has continually invested in its people, processes, and technology, making it a trusted partner to a wide range of local and international brands.’
‘Herrods additional capacity will help both companies to better serve new and existing customers in Australia and New Zealand and will allow us to leverage MCC’s global sales team to pursue growth opportunities in Asia,’ added Peter Grugeon, COO of IML at MCC. ‘We are very excited about this important milestone for both Herrods and MCC.’
‘MCC is the preferred partner for large and small brands seeking to build brand equity and a leader in producing innovative and sustainable premium labels,’ said Justin Bennett, managing director of Herrods. ‘Joining forces with MCC will open up new opportunities for local and international growth while allowing us to retain day-to-day control of our operations. We’ll continue delivering the high standards of quality and customer service our clients expect.’