MULTI-COLOR CORPORATION ACQUIRES SKANEM GROUP’S LABEL ACTIVITIES IN EUROPE AND THALAND
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Cincinnati Ohio and Stavanger Norway, December 31, 2021 (GLOBE NEWSWIRE) – CINCINNATI, OHIO and STAVANGER, NORWAY – DECEMBER 31, 2021 – Multi-Color Corporation (MCC), one of the world’s largest label companies, is pleased to announce that the previously announced acquisition of the Skanem Group’s labeling business in Europe and Thailand has been completed successfully yesterday.
With immediate effect, seven of the Skanem Group facilities in Denmark, Norway, Poland, Sweden, UK and Thailand are part of Multi-Color Corporation, giving MCC a stronger presence in Europe and Thailand. .
The acquisition will give Skanem customers access to expanded product offerings and a full range of the latest labeling technologies. We welcome the experienced Skanem team to MCC and look forward to taking advantage of existing and new growth opportunities with our new colleagues.
About Multi-Color Corporation
Based in Cincinnati, Ohio, USA, Multi-Color Corporation (MCC), established in 1916, is the world leader in quality labeling solutions with annual sales of approximately $ 3 billion supporting a certain number of the world’s most important brands in all end categories including Food & Beverage, Home & Personal Care, Wines & Spirits and other end-of-specialty categories. MCC serves national and international brand owners across its global footprint with a full line of the latest label technologies in pressure sensitivity, cut and stack, roll feed, in-mold, shrink sleeve and heat transfer. MCC employs approximately 13,000 associates in more than 100 factories in more than 25 countries. MCC is owned by Clayton, Dubilier & Rice. For more information on Multi-Color Corporation, please visit www.mcclabel.com.
About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a private investment firm focused on building stronger, more profitable businesses. Since its inception, CD&R has managed over $ 35 billion in investment in over 100 companies with an aggregate transaction value of over $ 160 billion. The firm has offices in New York and London. For more information, visit www.cdr-inc.com.
Contact For Multicolored Society:
Sharon E. Birkett
Vice President and Chief Financial Officer
Investor [email protected]