Multi-Color Corporation & Collotype Labels to Form Global Label Business

SHARONVILLE, Ohio— Multi-Color Corporation announced the signing of a Letter of Intent (a.k.a., Heads of Agreement) to acquire Collotype International Holdings Pty. Ltd.

Multi-Color President and CEO Frank Gerace said, “This transaction will be a large step towards our strategy of building a global platform in the consumer labels business, capable of serving premium brands by leveraging complimentary technologies, innovation, talent and customer relationships. I am especially pleased to welcome Nigel Vinecombe and his management team to Multi-Color upon closing of the transaction and look forward to growing our business together.”

Commenting on the deal, Collotype Group Managing Director Nigel Vinecombe added, “Collotype and Multi-Color are natural partners—both businesses are recognized for leadership in quality, innovation, technology and services to our customers. The Collotype management team is excited about contributing to the growth of the combined group.”

Upon completion of the transaction, Nigel Vinecombe will become president of Multi-Color’s International Business Unit. Don Kneir will continue as president of Multi-Color’s North American Business Unit.

The acquisition, to be paid for with a combination of cash and stock, is expected to be accretive to earnings immediately upon completion. Financial terms will be disclosed upon the completion of the transaction, expected within 60 days. The transaction is subject to final negotiation and execution of a definitive share purchase agreement and satisfaction of customary closing conditions. Multi-Color expects to draw down its revolving credit facility to finance the transaction.