Multi-Color To Expand European Label Printing Footprint

CINCINNATI, Ohio—Multi-Color Corporation (MCC) announced it entered into a Share Purchase Agreement to acquire 100 percent of consumer products and spirit label company, Warszawski Dom Handlowy (WDH) in Warsaw, Poland. The purchase price is approximately $9.3 million (PLN 26 million), payable in cash. Closing is expected to be on or about July 1 and the accretion to earnings is expected to be neutral for MCC. WDH had revenues of approximately $11 million (PLN 32 million) in 2010. The company supplies a number of large consumer products international brand owners in home and personal care markets, consistent with MCC's larger customers in the United States. The company will be renamed Multi-Color WDH (Poland).