Multi-Color (LABL) Agrees to Acquire York Label for $356M
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Multi-Color Corporation (NASDAQ: LABL) announced today that it has agreed to acquire 100% ownership of York Label Group to strengthen Multi-Color's leadership in the Home & Personal Care, Food & Beverage and Wine & Spirit label markets in North America and Chile.
The approximate purchase price for York Label Group is $356 million, payable in debt assumed, Multi-Color stock and cash. The acquisition is expected to be accretive in fiscal year ended March 2013. Closing is expected on or about October 3, 2011.
The combined Company is expected to have annual revenues of approximately $640 million at closing. This makes Multi-Color Corporation the largest label company in the U.S. and the fastest growing globally with revenues more than tripling since the beginning of 2008.
The approximate purchase price for York Label Group is $356 million, payable in debt assumed, Multi-Color stock and cash. The acquisition is expected to be accretive in fiscal year ended March 2013. Closing is expected on or about October 3, 2011.
The combined Company is expected to have annual revenues of approximately $640 million at closing. This makes Multi-Color Corporation the largest label company in the U.S. and the fastest growing globally with revenues more than tripling since the beginning of 2008.
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