Multi Packaging Solutions, Inc. (“MPS”), a leading manufacturer of print and packaging for the cosmetics, healthcare, horticulture, media, and consumer markets today announced that it has signed a definitive purchase agreement with CD CARTONDRUCK AG, (“CARTONDRUCK”) headquartered in Obersulm, Germany.
CARTONDRUCK is a leading manufacturer of premium packaging for the cosmetics, confectionery, consumer, and healthcare markets in Europe and the U.S., with a reputation for innovation and excellence. The purchase offers significant advantages for current and future customers by streamlining the global supply chain and enhancing product and technology innovation.
Commenting on the acquisition, Marc Shore, Chief Executive Officer of MPS stated, “The partnership with CARTONDRUCK is a great fit for MPS and our multinational and regional customers. It creates a global manufacturing platform offering an unparalleled range of products, design resources, print technologies, and manufacturing capabilities. We welcome the dedicated CARTONDRUCK employees to the MPS team and look forward to working with them to continue our strategic path forward.”
Steffen and Marc Schnizer, the managing partners for CARTONDRUCK, will continue to have responsibility for the European operations and will be important members of the MPS Management Team. As part of the transaction, they have also become shareholders of MPS.
“This is an exciting milestone in our company’s history,” commented Steffen Schnizer, Head of Marketing and Sales, “In joining with MPS, we now have additional resources to expand our offering in Poland, Germany, and the U.S. We’ve always had a tremendous commitment to our customers and the combined offering will further enhance our commitment.”
Marc Schnizer, Head of Finance, Technology and Administration, added, “Since the founding of CARTONDRUCK in 1969, we have continually invested in innovation and growth to support our customers’ need for premium packaging. Joining forces with MPS adds significantly to our depth of resources and breadth of experience.”
Financial 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.
CARTONDRUCK is a worldwide leading manufacturer of high quality folding cartons with
plants located in Germany, Poland, and the U.S. The most renowned names in the fragrance, cosmetic and hair-colour industry as well as the luxury and the chocolate industries choose the exclusive folding boxes from CARTONDRUCK to present their quality products. CARTONDRUCK offers innovative packaging solutions and a host of ground-breaking printing and finishing possibilities.
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 more than 50 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.
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