Multi Packaging Solutions, Inc. (“MPS”), a leader in the packaging industry serving the multi-media, cosmetics, healthcare, horticulture, and value added consumer markets, and a portfolio company of Irving Place Capital, today announced that it has completed the acquisition of certain assets of Ivy Hill Corporation (“Ivy Hill”).
Ivy Hill, headquartered in New York, NY is a supplier of packaging solutions to the multi-media and consumer markets with a long-standing reputation for creativity and innovation. The combination of MPS and Ivy Hill offers customers an unparalleled range of products and technologies, supported by a team of highly talented designers and a manufacturing network of 14 plants throughout the United States.
Marc Shore, Chief Executive Officer of MPS commented, “Ivy Hill is a terrific fit for Multi Packaging Solutions. Their leadership over the years has solidly positioned them as one of the foremost suppliers of packaging to the multi-media and consumer markets. We look forward to working with the Ivy Hill team for continued growth with our current and prospective customers.”
Arthur Kern, President of Ivy Hill, stated, “We are excited about joining Multi Packaging Solutions and working together as a unified team with a shared philosophy of customer focus and manufacturing excellence. With our combined capabilities and experienced industry professionals, we can provide total packaging solutions to our customers.”
Terms of the transaction were not disclosed.
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 Irving Place Capital:
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 68 portfolio companies, and manages over $4 billion, including its current $2.7 billion institutional fund. More information is available at www.irvingplacecapital.com.
Media Contact (Europe-Asia)
Marketing Communications Director – Europe & Asia
Tel: +44 1635 290521
Media Contact (North America)
Marketing Communications Manager – NA
Tel: +1 646 834 1527