Multi-Color Corporation (“MCC”) is pleased to announce the addition of French Wine Label Specialist, Monroe Etiquette to its European Wine & Spirit label group.
MCC has entered into a binding agreement to acquire 100% ownership of the company for a
purchase price of Euro 8 million, payable in cash. Closing is expected to be on or about 1st
October 2010 and is expected to be immediately accretive to earnings for MCC.
Monroe Etiquette is centrally located in Montagny, near Lyon in France, has annual revenues of approximately Euro 7 million and is a well established leader in wine labels in the largest bottled wine market in the world.
MCC President & CEO, Nigel Vinecombe said, “Monroe Etiquette represents the ideal local
entry into the French market and is very complimentary to our recent acquisition of Guidotti
Centro Stampa in Italy. Stanislas Monroe and his team will continue to run the business
based in Montagny. The quality of this business is second to none and will enhance the
Collotype Wine & Spirit label division’s global leadership position.”
MCC is one of the world’s largest label printers, specializing in the home & personal care,
food & beverage and wine & spirit markets. Annual revenues are over USD 300 million with
operations on four continents.