Multi Packaging Solutions (MPSX) Acquires AJS Labels and i3 Plastic Cards
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Multi Packaging Solutions International Limited ((NYSE: MPSX) has completed two strategic acquisitions that complement other operations within MPS and further extend the range of products the group offers its customers.
In Europe, MPS has acquired AJS Labels based in Littlehampton and Featherstone UK. AJS specializes in the manufacture of self-adhesive labels for a variety of markets including confectionary, health and beauty and personal care products. Employing around 80 people, AJS are an award-winning manufacturer supplying a wide range of blue chip multinational and UK customers.
In the US, MPS has acquired i3 Plastic Cards, based in Dallas, Texas. i3 offers a fully-integrated solution for creating and personalizing plastic transaction cards including pre-paid gift and loyalty cards. i3 Plastic Cards has the ability to personalize all plastic cards, apply multiple print and finishing effects.
Collectively the businesses recorded net sales of approximately $25 million in the most recent twelve months. Marc Shore – Chief Executive Officer of MPS, said:
“The acquisition of AJS is consistent with our strategy to develop a more substantial position in their end markets. It will help us grow the business organically and be part of our expanding global capability in the label space.
i3 stands for innovation, integration and in-line. Their ability to manufacture on a fully integrated basis is a unique competitive advantage. We believe that both acquisitions are complementary in all respects to MPS’s strategic plan. We are excited to welcome the employees of AJS and i3 into the MPS family.”
Andrew and Jayne Scrimgeour, owners and founders of AJS Labels, commenting on the deal, said:
“We have been involved with the business for over 7 years and are very proud of what has been achieved. Over that period, the business has grown significantly. We have built a strong reputation for innovation and service and we now produce an extensive range of labels for some of Europe’s best known brands. The deal will allow the company to realise its ambitious plans to grow and develop as part of a business with a global footprint and a broader range of capabilities.”
John Searfoss, president and founder of i3 commented on the deal and said:
“We firmly believe that joining forces with the MPS group is an extremely positive strategic action in the evolution of our business here in Dallas. We have a dedicated team of people in i3 who fully endorse the concept of innovation and sustainable advantage in our products and customer service. We are sure that with the MPS group we can access wider markets with their greater geographic reach and product diversity.”
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