Multi-Color Acquires Italian Wine Labeler
CINCINNATI, Ohio—Multi-Color Corporation (MCC) announced the acquisition of Italian wine label specialist La Cromografica. MCC has entered into a binding agreement to acquire 100 percent ownership of La Cromografica for a purchase price of approximately Euro 8.3 million.
Located in the heart of Tuscany in Florence, Italy, La Cromografica specializes in high-quality wine labels for Italian premium wines. The company’s revenues were approximately US $11 million (Euro 8 million) in 2010 with profitability consistent with MCC’s other wine label printing operations. The acquisition is expected to be immediately accretive.