Plastic Containers & Packaging | Vienna, Austria | Corporate Acquisition
Multi-Color (NASDAQ: LABL) has agreed to purchase the labels division of Constantia Flexibles for about $1.3 billion in cash and stock. Constantia Labels is a provider of labels primarily for the food & beverage sector. The combined business anticipates approximately $1.6 billion in annual revenues and $300 million in EBITDA. Mike Henry, currently the head of Constantia Labels, is expected to become CEO-elect of Multi-Color upon completion of the deal.