Multi-Color Corp to Buy Collotype International
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Collotype shareholders and management team will receive almost 30% of their total proceeds in Multi-Color stock. The acquisition is expected to close on or about January 31, 2008 and be accretive to earnings immediately upon completion.
Multi-Color President and CEO Frank Gerace said, “This acquisition is the first large step towards achieving our long range strategy of being a premier global resource of innovative label solutions to consumer product and food and beverage companies worldwide. We look forward to Nigel Vinecombe and the Collotype team becoming a vital component of Multi-Color’s continued success.”
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- Companies:
- Multi-Color Corp.
- People:
- Foster
- Gallo
- Nigel Vinecombe
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