Multi-Color Announces Impact to Earnings per Share from Acquisition of Collotype International Holdings
SHARONVILLE, Ohio, Feb. 7 / -- Multi-Color Corporation (NASDAQ:LABL) announced today that its acquisition of Collotype International Holdings Pty. Ltd. ("Collotype") is expected to close by the end of February 2008. Both parties are in the process of finalizing closing documentation to satisfy the conditions and other closing deliveries required by the purchase agreement.
The transaction is expected to be accretive to earnings immediately upon completion. Multi-Color estimates this acquisition will increase Earnings per Share by 22 cents to 24 cents in the first full year of operation. Pro Forma financial results will be reported after the closing in accordance with SEC regulations.
Frank Gerace, President and CEO of Multi-Color commented, "We continue to be encouraged by the potential growth that a Multi-Color and Collotype combination provides. We expect a smooth integration process and have identified business opportunities that will have an immediate positive impact."
About Multi-Color (http://www.multicolorcorp.com/)
Sharonville, Ohio based Multi-Color Corporation is a premier global resource of innovative decorating solutions to consumer product and food and beverage companies, national retailers and container manufacturers worldwide. Multi-Color is one of the world's largest producers of in-mold labels (IMLs) and heat transfer labels (HTLs), and a major manufacturer of high-quality cut- and-stack and pressure sensitive labels and shrink sleeves. Multi-Color has eight manufacturing locations in the United States. Its products are shipped to more than 650 customers in the United States, Canada, Mexico, and Central and South America.
Forbes magazine has chosen Multi-Color as one of the Forbes 200 Best Small Companies for 2007. Multi-Color is ranked 86th in this prestigious group. For additional information on Multi-Color, please visit http://www.multicolorcorp.com/.
Source: Multi-Color Corporation
CONTACT: Dawn H. Bertsche, Chief Financial Officer of Multi-Color Corporation, +1-513-345-1108
Web site: http://www.multicolorcorp.com/
