Multi-Color Corp Acquired by Platinum Equity Affiliate

CINCINNATI, OHMulti-Color Corp announced that the anticipated acquisition of the company by an affiliate of Platinum Equity, a leading private equity firm, is now complete. At closing, Multi-Color Corp merged with a subsidiary of WS Packaging, another label solutions leader within Platinum Equity’s portfolio of companies.

The combined company, which will be known as Multi-Color Corp and headquartered in Cincinnati, is a $2.2 billion per annum revenue business with 86 plants in 26 countries and more than 10,000 global employees. WS Packaging is now a Multi-Color Corp business unit and will continue to serve customers with its own management team, sales force, plants and Green Bay, WI-based support services.

Nigel Vinecombe, executive chairman of Multi-Color Corp’s Board of Directors since January 2016, and president and CEO of the company from June 2010 to January 2016, has been named CEO for the combined company, bringing more than 35 years of label industry experience to the role.

Vinecombe stated, “I am excited for this opportunity to open new areas of growth for our company that will allow us to even better serve our customers with a comprehensive suite of label solutions across all regions, technologies and run lengths. This is a testament to all Multi-Color Corp has achieved in our mission to deliver the world’s best premium label solutions—and we are confident this is only the beginning of what we will accomplish together with WS Packaging.”

Vinecombe succeeds Mike Henry, who is transitioning into an advisory role with the company.

“As we take these next steps, I want to thank Mike for his leadership and the contributions he’s made to Multi-Color’s growth and success,” said Vinecombe.

Louis Samson, partner, Platinum Equity, said, “Bringing these companies together creates one of the most extensive manufacturing and production footprints in the industry and a business with unrivaled technology and expertise. We will work with the management team to ensure a seamless transition and will continue pursuing new avenues for growth.”