Multi-Color Corporation Completes Constantia Labels Division Acquisition

Multi-Color Corporation (NASDAQ: LABL) today completed its acquisition of the Labels Division of Constantia Flexibles from Constantia Flexibles GmbH in a cash and equity transaction valued at approximately $1.3 billion (€1.15 billion). The combined annual revenues of the two businesses will be approximately $1.7 billion. The combination brings together Constantia Labels’ high performing Food and Beverage business with Multi-Color’s strong Home and Personal Care and Wine and Spirits platforms, as well as its emerging global position in Healthcare. The acquisition will provide additional growth opportunities for Multi-Color in Home and Personal Care through Constantia Labels’ European operational footprint and assets, and for Constantia Labels in Food and Beverage through Multi-Color’s US operational footprint and assets.  The stronger combined footprint in Asia will provide further revenue opportunities.

We are delighted to welcome Constantia’s 2,800 associates to the Multi-Color team, as well as Mike Henry, current Executive Vice President  and Head of Constantia Labels, who today becomes CEO-elect of Multi-Color and will be appointed Chief Executive Officer in January 2018.
http://whattheythink.com/news/87556-multi-color-corporation-completes-constantia-labels-division-acquisition/

Related Posts

Growing Tissue Capacity

A new state of the art tissue paper mill is planned by Metsa in the UK through a landmark investment of hundreds of millions of pounds. The planned tissue paper mill in Goole, East Riding of Yorkshire in the UK, will use the best available technologies to manufacture 240,000 tons of tissue paper a year for the UK and Irish markets, using fresh fibre pulp as the main raw material from sustainably managed forests in the Nordics. This investment would deliver the largest tissue mill in the UK and significantly reduce the quantity of tissue products that are currently imported into the UK and Ireland each year. When operating at full capacity the mill will create 400+ direct jobs at the facility, as well as thousands more across the supply chain and the local economy.

Grainger Reports Results for the First Quarter 2024

First Quarter Highlights *Delivered sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis *Achieved operating margin of 15.8%, down 80 basis points *Generated $661 million in operating cash flow and returned $360 million to Grainger shareholders through dividends and share repurchases. Grainger reported results for the first quarter of 2024 with sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis, and diluted EPS of $9.62, up 0.1% compared to the first quarter of 2023.

Tredegar Reports Fourth Quarter and Full Year 2023 Results

Fourth quarter 2023 net income (loss) was $(35.6) million compared to $(3.9) million in the fourth quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(0.1) million in the fourth quarter of 2023 compared to $0.5 million in the fourth quarter of 2022. Full year 2023 net income (loss) was $(105.9) million compared to $28.5 million in 2022. Net income (loss) from ongoing operations was $(4.7) million in 2023 compared to $39.5 million in 2022.
Back To Top
×Close search
Search