Multi-Color Corporation (Nasdaq: LABL) has announced plans to expand its manufacturing operations with the purchase of a 247,000 square foot building in Batavia, OH, USA. Multi-Color says it is investing in this state-of-the-art facility to create a platform for the future in order to take full advantage of the long-term growth opportunities in the decorative label industry.
Multi-Color plans to consolidate its current Batavia, OH and Troy, OH operations into the new Batavia facility over the next several months. The company also plans to transfer Batavia's existing 95 associates and have discussions with Troy’s 25 associates regarding employment at the new facility. In addition, Multi-Color expects to create 83 additional jobs over the next three years as a part of its strategic growth initiative. By consolidating these operations into this new supercenter, Multi-Color says it will improve manufacturing efficiencies while expanding needed capacity for long-term growth.
In recent weeks, Multi-Color announced the purchase of three new presses, two of which will be located in this new building: a combination flexo press and a flexo press. The combination press will be the first of its kind in the United States. The wide-format press is custom-configured with flexographic, gravure, screen, and foil platforms. Multi-Color says the additional flexo press brings all the flexibility that consumer package goods companies are looking for in today’s competitive marketplace: high quality flexo print, screen printing, lamination, and foil stamping.
“Today’s business environment requires us to continuously look at ways to optimize our investment in manufacturing assets,” says Frank Gerace, president and CEO of Multi-Color. “Consolidating our two existing plant operations into this world-class facility will allow us to reduce costs while being able to take advantage of new market opportunities. This move strengthens our competitive position and will enable us to attract the best talent for our future.”