FMN | March 4th, 2019

An N.V. Publication FLEX

March 4, 2019

Vol. 21 No. 5

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Multi-Color Acquired By Platinum Equity MM ulti-Color Corporation, Batavia, Ohio, has entered into a definitive merger agreement to be acquired by an affili- ate of Platinum Equity LLC. Under the terms of the agreement, which has been unani- mously approved by Multi-Color Corporation’s Board of Direc- tors, Multi-Color Corporation shareholders will receive $50 in

Nilpeter USA Plans Open House Nilpeter USA will host an open house at its NorthAmerican headquar- ters on March 28. Facility tours, guest speakers, and live product demonstra- tions will highlight the event, taking place in Cincinnati,Ohio. The event, titled, The Age of Au- tomation , has been designed to highlight the shift toward Industry 4.0 and showcase how Nilpeter’s newest equipment fits that trend. In addition to plant tour s of Nilpeter’s facility, TLMI President Dan Muenzer will give a State of the Industry address. The presentations will be followed by press demon- strations of the all-new FA, the Panorama digital UV inkjet hybrid press and the all-new FB-350. Walmart To Reduce Plastic Packaging Walmart issued a new set of plastic waste reduction commitments at its annual supplier forum. The commit- ments are expected to impact more than 30,000 SKUs. The move is de- signed to help get to the heart of

cash for each share of common stock they own, in a transaction valued at $2.5 billion including the assumption of $1.5 billion of debt.The cash purchase

price represents a premium of approximately 32 percent over Multi-Color Corporation’s 30-day volume weighted average share price prior to Jan. 22, 2019, the last trading day prior to media speculation regarding a potential transaction involving Multi-Color Corporation. “This transaction is the culmination of our Board’s review of strate- gic alternatives to maximize value for our shareholders,”stated Nigel Vinecombe,Executive Chairman of Multi-Color Corporation.“As a re- sult of this process,our Board,with the assistance of independent ad- visors, unanimously determined that this all-cash transaction will deliver immediate, significant and certain value to our shareholders and is in the best interest of our shareholders and our company.We believe this transaction represents a winning proposition for all of our stakeholders,including our employees.” The transaction is expected to be completed by the third quarter of this year and is subject to Multi-Color Corporation shareholder approval, regulatory clearances and other custom- ary closing conditions. Upon the completion of the transac- tion, Multi-Color Corporation will become a privately held company and shares of Multi-Color Corporation common stock will no longer be listed on any public market.

(Cont’d on Page 4)

For exclusive content and breaking news please visit www.flexomarketnews.com

Made with FlippingBook - Online catalogs