PLATINUM EQUITY COMPLETES SALE OF MCC

PLATINUM EQUITY COMPLETES SALE OF MCC, A GLOBAL LEADER IN LABEL SOLUTIONS

American Platinum Equity has completed the sale of Multi-Color Corporation (MCC), a world leader in label solutions. Today, MCC is a leading producer of high quality, pressure-sensitive, in-mold and heat transfer labels and a major manufacturer of cut and stack, roll-fed, and shrink sleeved aluminum labels.

While the financial terms of the transaction have not been disclosed, Platinum Equity Partner Louis Samson said, “MCC’s success was the result of a strong partnership with MCC’s management team and a lot of hard work by talented employees throughout the organization. We worked together to rapidly transform the business and generate organic and acquisitive growth, resulting in significant improvements in revenue and earnings performance.

For his part, Jason Price, managing director of Platinum Equity has valued all the hard work that has been done in the company so “we have a lot of experience investing in label and packaging businesses, we like the sector and we will continue to look for more opportunities to put capital to work.

Back in 2019, Platinum Equity acquired MCC, in a public-private transaction and combined it with WS Packaging, another U.S.-based labeling company that the firm acquired in 2018. The company serves the world’s most prominent brands in four business segments: food and beverage, wine and spirits, personal and home care, and hardware and specialty.

Also, Platinum Equity previously owned BWAY, which specializes in rigid packaging, Contego, which focuses on food, beverage and pharmaceutical packaging, and MacTac, which focuses on pressure-sensitive materials. The firm’s current portfolio includes Ball Metalpack, dedicated to metal packaging for food and aerosols and Husky related to injection molding systems for the plastics industry.