French Connection for Multi-Color Corporation

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Sep 09, 2010, 03:30 ET

CINCINNATI, Sept. 9 /PRNewswire/ -- Multi-Color Corporation ("MCC") is pleased to announce the addition of French Wine Label Specialist, Monroe Etiquette to its European Wine & Spirit label group.

MCC has entered into a binding agreement to acquire 100% ownership of the company for a purchase price of Euro 8 million, payable in cash. Closing is expected to be on or about October 1, 2010 and is expected to be immediately accretive to earnings for MCC.

Monroe Etiquette is centrally located in Montagny, near Lyon in France, has annual revenues of approximately Euro 7 million and is a well established leader in wine labels in the largest wine market in the world.

MCC President & CEO, Nigel Vinecombe said, "Monroe Etiquette represents the ideal local entry into the French market and is very complimentary to our recent acquisition of Guidotti CentroStampa in Italy. Stanislas Monroe and his team will continue to run the business based in Montagny. The quality of this business is second to none and will enhance the Collotype Wine & Spirit label division's global leadership position."

MCC is one of the world's largest label printers, specializing in the home & personal care, food & beverage and wine & spirit markets. Annual revenues are over USD 300 million with operations on four continents.

MCC (Nasdaq: LABL) is the only global U.S. publicly listed label company and operates in the highly fragmented multi-billion dollar label industry.

Safe Harbor Statement

The Company believes certain statements contained in this report that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Any forward-looking statement speaks only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Statements concerning expected financial performance, on-going business strategies, and possible future actions which the Company intends to pursue in order to achieve strategic objectives constitute forward-looking information. Implementation of these strategies and the achievement of such financial performance are each subject to numerous conditions, uncertainties and risk factors. Factors which could cause actual performance by the Company to differ materially from these forward-looking statements include, without limitation, factors discussed in conjunction with a forward-looking statement; changes in general economic and business conditions; the ability to consummate and successfully integrate acquisitions; ability to manage foreign operations; the success and financial condition of the Company's significant customers; competition; acceptance of new product offerings; changes in business strategy or plans; quality of management; the Company's ability to maintain an effective system of internal control; availability, terms and development of capital; cost and price changes; raw material cost pressures; availability of raw materials; ability to pass raw material cost increases to its customers; business abilities and judgment of personnel; changes in, or the failure to comply with, government regulations, legal proceedings and developments; risk associated with significant leverage; increases in general interest rate levels affecting the Company's interest costs; and terrorism and political unrest. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Multi-Color Corporation