Platinum Equity Buys Multi-Color
Platinum Equity buys Multi-Color.
Platinum Equity buys Multi-Color for $2.5 billion and merges it with WS Packaging.
The joint company will be named Multi-Color, with 86 plants in 26 countries, and 10,000 employees.
Multi-Color is a label solutions provider of pressure-sensitive, in-mold, shrink sleeve, wraps, cut and stack, heat transfer, durables, and aluminum foils for home and personal care, wine and spirits, food and beverage, health care, and specialty consumer products.
Nigel Vinecombe of Multi-Color said: ‘I am excited for this opportunity to open new areas of growth for our company that will allow us to even better serve our customers with a comprehensive suite of label solutions across all regions, technologies, and run lengths. This is a testament to all Multi-Color has achieved in our mission to deliver the world`s best premium label solutions - and we are confident this is the beginning of what we will do together with WS Packaging. As we take these next steps, I want to thank Mike Henry for his leadership and the contributions he`s made to Multi-Color`s growth and success.'
Louis Samson of Platinum Equity said: ‘Bringing these companies together creates one of the most extensive manufacturing and production footprints in the industry and a business with unrivaled technology and ability. We will work with the management team to ensure a seamless transition and will continue pursuing new avenues for growth.’
Goldman Sachs served as financial adviser to Multi-Color. Sidley Austin LLP and Keating Muething & Klekamp served as legal counsel.
Latham & Watkins served as legal counsel to Platinum Equity.
Platinum Equity buys Multi-Color for $2.5 billion and merges it with WS Packaging.
The joint company will be named Multi-Color, with 86 plants in 26 countries, and 10,000 employees.
Multi-Color is a label solutions provider of pressure-sensitive, in-mold, shrink sleeve, wraps, cut and stack, heat transfer, durables, and aluminum foils for home and personal care, wine and spirits, food and beverage, health care, and specialty consumer products.
Nigel Vinecombe of Multi-Color said: ‘I am excited for this opportunity to open new areas of growth for our company that will allow us to even better serve our customers with a comprehensive suite of label solutions across all regions, technologies, and run lengths. This is a testament to all Multi-Color has achieved in our mission to deliver the world`s best premium label solutions - and we are confident this is the beginning of what we will do together with WS Packaging. As we take these next steps, I want to thank Mike Henry for his leadership and the contributions he`s made to Multi-Color`s growth and success.'
Louis Samson of Platinum Equity said: ‘Bringing these companies together creates one of the most extensive manufacturing and production footprints in the industry and a business with unrivaled technology and ability. We will work with the management team to ensure a seamless transition and will continue pursuing new avenues for growth.’
Goldman Sachs served as financial adviser to Multi-Color. Sidley Austin LLP and Keating Muething & Klekamp served as legal counsel.
Latham & Watkins served as legal counsel to Platinum Equity.
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