Global investment firm Platinum Equity has agreed to acquire US-based label solutions provider Multi-Color Corporation in a deal valued at $2.5bn.

As per terms of the deal, Platinum Equity’s affiliate will pay $50.00 in cash for each share of Multi-Color common stock. The deal also includes $1.5bn debt of Multi-Color.

Constantia Flexibles and affiliates of Diamond Castle Partners own around 28.7% stake in Multi-Color. Both firms have separately entered into a voting and support agreement to vote its shares in favor of the deal as provided in each deal.

Platinum Equity partner Louis Samson said: “We have tremendous respect for Multi-Color Corporation, and believe that its capabilities and established position in the industry, when combined with our portfolio company WS Packaging Group, operational expertise and financial resources, will enable Multi-Color Corporation and WS Packaging Group to strengthen the value proposition for their customers.”

Based in Cincinnati of Ohio, Multi-Color offers label solutions for the customers in various segments such as home and personal care, wine and spirits, food and beverage, healthcare and specialty consumer.

The company offers a range of latest label technologies in pressure sensitive, cut and stack, wraps, aluminum, in-mold, shrink sleeve and heat transfer to the customers.

Multi-Color’s labeling capabilities comprise of decorative technologies, print technologies and pre-press technologies.

The firm provides products and services to national and international brand owners in North, Central and South America, Europe, Africa, China, Southeast Asia, Australia and New Zealand.

 

Source: compelo.com

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