CINCINNATI—Multi-Color Corporation announced an important step in the global expansion of its Collotype Wine & Spirit Label division with the addition of leading European wine, spirit, and olive oil specialist, Guidotti CentroStampa SPA, based in Tuscany, Italy.
Packaging printer business and personnel news, including items on FetterGroup, Multi-Color Corporation and YORK Label.
The label market is in good shape. Although the recent recession has affected every segment of package printing, the label industry is still well positioned for the medium to the long term, according to Corey Reardon, president and CEO of AWA. "Unfortunately in the short term, the impact has been negative with plenty of casualties in job losses and business performance, even company and plant closures," he says.
BATAVIA, Ohio—Multi-Color Corporation (MCC) announced that its president and CEO, Frank Gerace, plans to retire effective June 15, 2010.
What goes up, must come down—so the saying goes. This could be used to describe the business climate during 2008 in any number of ways. In one way, both the going up and the coming down had significant negative effects.
SHARONVILLE, Ohio—Multi-Color Corporation announced that its President and CEO, Frank Gerace, has provided the required notice that he does not intend to renew his Employment Agreement when it expires on March 31, 2011. Under the terms of Gerace’s Employment Agreement, his contract would have renewed automatically unless Gerace or the company provided a notice of non-renewal at least 24 months prior to its expiration.
The economy has not been exactly easy on American industry as of late. And, businesses in the package-printing industry are no exception to those dealing with the difficult times. With consumers and business partners cutting back on spending, it has been a rough few months. Some companies are still doing well, others are struggling, and some are closing their doors.
SHARONVILLE, Ohio—Multi-Color Corporation has been listed on Forbes 200 Best Small Companies for the second year in a row. Multi-Color moved up 25 spots to 61 within this group. Forbes judged candidates with revenues between $5 million and $750 million and share prices above $5.00 as of Oct. 1, 2008, according to return on equity, as well as sustained sales and net profit growth over 12-month and five-year periods. Multi-Color’s impressive financial performance includes a 5-year annual revenue growth of 16 percent, and earnings per share growth of 15 percent, giving investors an overall 5-year annual return of 19 percent. “Being selected for the
Label Awards: A Hard Day’s Night
SHARONVILLE, Ohio—Multi-Color Corporation (MCC) recently won the “Freddie Award” as Miller Brewing Company’s 2007 Supplier of the Year, an award that MCC has won for the fourth time. “I want to take this opportunity to personally thank the Miller procurement team for selecting Multi-Color Corporation for this prestigious Supplier of the Year Award. We take great pride in our long-standing partnership with Miller Brewing and are humbled each time we are recognized as one of your Partners In Excellence. Winning the Supplier of the Year for the fourth time since this contest’s inception is one of our most cherished accomplishments, we are truly grateful
