David scheible graphic packaging11/11/2023 ![]() based Multi-Color Corporation (MCC), established in 1916, is the global leader in prime label solutions with approximately $3 billion in annual revenue supporting a number of the world’s most prominent brands across end categories including Food & Beverage, Home & Personal Care, Wine & Spirits and other specialty end categories. The transaction was originally announced on July 2, 2021.Ĭincinnati, Ohio, U.S.A. “We believe our expanded product offerings and global reach will be a strong foundation to better serve the dynamic and evolving needs of our global customer base while providing employees with rewarding career growth opportunities.”ĭavid Scheible, Operating Advisor to CD&R funds and former Chairman and Chief Executive Officer of Graphic Packaging, assumed the Chairmanship of the combined company. ![]() “This is an exciting day for our customers, suppliers, and employees alike,” said Kevin Kwilinski, who assumed the role of President and Chief Executive Officer of Multi-Color Corporation after serving in that position at Fort Dearborn. The combined platform benefits from enhanced scale and diversification across label technologies, end categories, geographies, and customers. With approximately $3 billion of annual revenue, the combined company serves many of the world’s most prominent brands across end categories including Food & Beverage, Home & Personal Care, Wine & Spirits and other specialty end categories. Terms of the transaction were not disclosed. The year-on-year improvement is due to lower restructuring, interest and tax expenses, said the company.Clayton, Dubilier & Rice completed the previously announced combination of Fort Dearborn Company and Multi-Color Corporation, creating the world’s largest prime label supplier by revenues. It also expects net income of $26.7m, compared to $6.3m in the first quarter of 2010. ![]() Graphic forecast adjusted EBITDA of $142.7m, a slight decrease compared to the same period last year. Strong storms in February across the US had hit volumes as the company was forced to close plants. It also announced net sales of $1.06bn in its preliminary first quarter results for 2011 – a year-on-year drop of just 0.3 per cent. The Georgia company explained it would also look to repurchase between 6.5m and 7.475m shares.Īny cash left over from the $53m buyout would be used to cut company debt and “ for general corporate purposes”, it added. Graphic Packaging said it will finance the transaction by selling 47m common stock shares. Sierra Packaging, headquartered in Oroville, California, produces folding cartons, beverage carriers and corrugated boxes. "This acquisition not only provides our customers with important enhanced operating synergies, but Sierra's values, vision and culture of sustainability dovetail nicely with our own growth strategy for the future." "Graphic Packaging has a strong record of achieving performance improvement objectives and of successfully integrating businesses," said company president and CEO David Scheible. The deal is expected to go through by the second quarter of 2011. The US-based paperboard packaging company said the take over of the Californian firm would give it an important foothold in the West Coast market. Packaging & Packing Materials, Containers.Processing Equipment & Systems, Automation, Control.Filling & Packaging Equipment & Systems.
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