Multi Packaging Solutions Completes Acquisition of Paris Art Label Company, Inc.
May 01 2017 - 7:00AM
Business Wire
Multi Packaging Solutions International (NYSE:MPSX) (“MPS”), a
global leader in value-added print and packaging solutions for the
branded consumer, healthcare and multi-media markets announced the
completion of its acquisition of Paris Art Label Company, Inc.
(“Paris Art”), a highly respected manufacturer of labels and shrink
sleeve products to the branded consumer marketplace in the United
States.
The acquisition of Paris Art fits perfectly with MPS’s
previously announced strategy to expand its capability and presence
in the label sector globally. Commenting on the acquisition, Marc
Shore, CEO of MPS, said, “We are delighted to welcome the Paris Art
team into the MPS family. Both companies share a common vision: to
provide innovative products of the highest quality to our
customers. Acquiring Paris Art is a significant step in enhancing
our offering to our customers and achieving our strategic
goals.”
Ron Tarantino, president and owner of Paris Art stated, “We are
proud of the high quality and innovative label and shrink print
packaging we have designed and delivered to leading consumer and
cosmetics customers for over 90 years and know that MPS will be an
excellent home for our customers and employees. MPS is committed to
investing additional capital to continue to support the operation.
Additionally, I am pleased to say that I, and the Paris Art
management team, will be staying on with the new entity going
forward.”
About Multi Packaging Solutions
Multi Packaging Solutions (“MPS”) is a leading global provider
of value-added packaging solutions to a diverse customer base
across the healthcare and branded consumer markets. MPS provides
customers with an extensive array of print-based specialty
packaging, including premium folding cartons, labels,
inserts/leaflets, and specialty packaging across a variety of
substrates and finishes. The company has 60 manufacturing locations
in North America, Asia and Europe and employs approximately 8,800
people. MPS is listed on the New York Stock Exchange.
For more information, please visit www.multipkg.com.
About Paris Art Label Company
Established in 1925, Paris Art Label has pioneered innovative
solutions in the label and shrink sleeve markets. Providing
shelf-defining, cost effective, and sustainable packaging solutions
for the consumer branded sectors in the United States, Paris Art
Label operates from two locations in New York -- Patchogue and
Ronkonkoma.
For more information see http://www.parisartlabel.com.
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Multi Packaging SolutionsRichard Zubek, 646-885-0165Investor
Relationsir@multipkg.com
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