1 Billion Dollars in acquisitions in the label industry
1 Billion Dollars in acquisitions in the label industry
Mar 25, 2013 6(PackagingEurope) - The four biggest acquisitions ever in the label industry are unfolding right now starting 1.5 years ago, according to Label Companies for Sale.com. Two acquisitions made by the leading label companies CCL Label and Multi-Color and two by large companies from industries offering alternative decorating technologies Fuji Seal and Constantia Flexibles.
Here are some more details:
2011: Multi-Color acquired York Label Group to strengthen their position in the Home and Personal Care, Food, Wine and Beverage markets in North America for a price of $356 million in assumed debt, stock and cash for a turnover of $240 million, 12 plants and 1.200 employees.
2012: Fuji Seal bought all shares in Pago Holding AG in Switzerland to strengthen their position as a global supplier of sleeves, labels, flexible packaging and application machinery for a cost of CHF 121 million for a turnover of CHF 180 million, an EBITDA of 3.2 mio and about 900 employees in 2011.
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