Labelgraphics, established in 1983, has annual revenues of approximately £13 million and predominantly supplies the United Kingdom (UK) spirit and wine markets. Spirits are a mainstay of Scottish exports and their global shipments have exhibited strong growth to developing markets. Wines are increasingly shipped to the UK in bulk and bottled locally, requiring local label supply. Labelgraphics shares many common multi-national customers with MCC and the same label technologies and suppliers. Labelgraphics' relocation to a brand new facility and recent additional press capacity in Glasgow provides an opportunity for significant growth.
MCC President & CEO, Nigel Vinecombe says, "We have had an excellent relationship with Labelgraphics' owners for many years. Building on the success of Alex Mulvenny, Sr., Alex and Peter Mulvenny and the current Labelgraphics' team are the leading Wine & Spirit label company in the UK and rank among the best in the world for quality, service and results. We are delighted Alex Mulvenny will continue to run Labelgraphics and also be a member of our global Senior Leadership Team, including responsibility for global account management for a number of key customers." Alex Mulvenny Labelgraphics Managing Director stated, "The Labelgraphics' senior management team looks forward to being part of MCC, including being part of the global leader in Wine & Spirit labels. We continue to make a long term commitment to our Scottish operation and our integration into the MCC group."
This acquisition reinforces MCC's commitment to the wine and spirit markets and extends its global leadership position. In particular, the acquisition is an important component of MCC's plans for significant coverage of the large European wine and spirit markets. Whereas MCC is a market leader in the European wine and spirit market, there is still significant market fragmentation. As such, Labelgraphics becomes part of the current European Group with operations in Italy, France and Poland reporting to European President Andrea Guidotti.