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Multi-Color Completes York Label Group Acquisition
Tuesday, October 04, 2011
Press release from the issuing company
Multi-Color Corporation has completed its previously announced acquisition of privately held York Label Group.
The purchase price for York Label Group is $356 million, with approximately $266 million payable in debt assumed, $64 million payable in 2.7 million shares of Multi-Color stock and $26 million in cash, subject to certain post-closing adjustments.
York Label Group is headquartered in Omaha, Nebraska and provides label solutions primarily in the pressure-sensitive label markets for Home & Personal Care, Food & Beverage, Wine & Spirit and Healthcare through long-standing relationships with blue chip national and multi-national customers. York has 12 plants across the U.S., Canada and Chile with approximately 1,200 employees.
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