Multi-Color Corporation has announced that it has entered into an agreement to acquire 100% of Flexo Print S.A. De C.V., based in Guadalajara, Mexico. The acquisition was officially completed on August 1, 2013. Flexo Print is a leading producer of home & personal care, food & beverage, wine & spirit and pharmaceutical labels in Latin America with annual revenues of approximately $30 million.
Multi-Color President and CEO Nigel Vinecombe says, “We are delighted to have Flexo Print join our Multi-Color group. This acquisition offers us significant growth opportunities in Mexico through our many common customers, technologies and suppliers. Flexo Print’s current president, Fernando Aranguren is staying on to lead the company, along with his experienced management team and staff. We look forward to working with the Flexo Print team to continue to expand the Multi-Color group into Latin America. The business will change its name to Multi-Color Corporation (Mexico).”
Flexo Print has been a leader in pressure sensitive labels since its establishment in 1994. Flexo Print President Fernando Aranguren says, “Joining a global label company, Multi-Color Corporation, is a natural progression for us to support growth with our national and international brand owners with more and more of their label needs. Our portfolio now includes shrink sleeves and pouches and we are excited about the comprehensive label solutions we can provide as part of Multi-Color.”