Multi-Color Completes Purchase of IPC&L Heat Transfer Business
Press release from the issuing company
CINCINNATI, July 16 -- Multi-Color Corporation today announced that it acquired the heat transfer label (HTL) business and all related proprietary technologies from Tennessee based International Playing Card & Label Co. Inc. (IPC&L). The purchase includes the food and beverage and consumer products business for North, Central, and South America.
"This acquisition is a great addition to our heat transfer technology. It augments the leadership position we gained through our purchase of Dec Tech - the pioneers of heat transfer labels", said Frank Gerace, President and CEO of Multi-Color Corporation.
Multi-Color will consolidate the North American business into its Dec Tech facility in Framingham, MA. The Central and South American business will be manufactured at IPC&L's Buenos Aires, Argentina operation, as part of a manufacturing agreement entered into between the companies. "This facility enables Multi-Color to produce decorative labels in South America. We are pleased to be able to conclude this transaction, as it further develops Multi- Color's South American strategy", commented John Geurtsen, Director of Business Development for Multi-Color Corporation. "Not only does it expand our operations in South America, it provides Multi-Color the opportunity to better service existing customers in the region".
"This acquisition supports our overall plan to continue building Multi- Color's brand and franchise globally", concluded Gerace.
This is Multi-Color's fourth acquisition since October of 2001.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.