We are happy to inform that Skanem and Multi-Color Corporation (MCC) have entered into an agreement under which the Skanem companies in Norway, Sweden, Denmark, Poland, UK and Thailand are sold to MCC. In these regions MCC and Skanem are highly complementary to each other and we strongly believe that this will create new opportunities for employees and add value to our customers.

The operations in India and Kenya will remain in the Skanem Group and will be the platform for expansion in India and Africa through both organic growth and acquisitions. The Skanem Group will also expand in the packaging business and in other areas in Europe, continuing to combine the benefits of being an international group with strong local presence in Europe, Africa and India.

Press release

MULTI-COLOR CORPORATION TO ACQUIRE SKANEM GROUP’S LABEL OPERATIONS IN EUROPE AND THAILAND

Acquisition expands MCC’s footprint in Northern Europe

CINCINNATI, OHIO and STAVANGER, NORWAY – September 30, 2021 – Multi-Color Corporation, one of the largest label companies in the world, today announced the acquisition of Skanem Group’s label operations in Europe and Thailand from the Skanem Group.

The transaction is expected to close during Q4 2021. Financial terms were not disclosed.

Multi-Color Corporation is acquiring seven of Skanem Group’s facilities in Denmark, Norway, Poland, Sweden, the United Kingdom and Thailand. The transaction excludes Skanem’s label operations in India and Kenya. 

Nigel Vinecombe, CEO of Multi-Color Corporation, said: “Skanem Europe gives MCC broader access to home and personal care, regional food and beverage, and other specialty markets, as well as an experienced team capable of building on existing and new growth opportunities. Skanem Thailand complements MCC Thailand and provides scale in this sizeable and growing Southeast Asian market. For a long time, we have recognized the success Ole Rugland and team have had building an impressive portfolio of customers and operations and we are delighted MCC has been chosen to support future success.” 

Ole Rugland, Executive Chairman of Skanem Group, said: “Over the last 20 years, we have built a profitable and competitive label business in Europe, India, Africa and Southeast Asia. We have now reached a stage where our business in Europe and Southeast Asia, by joining a global player like MCC, will give possibility for further growth. In these regions, MCC and Skanem are highly complementary and we believe that this will create new opportunities for employees and add value to our customers. The Skanem Group will continue to invest in India and Africa where we see exciting opportunities for further growth and expansion.”

 

About Multi-Color Corporation

Cincinnati, Ohio, U.S.A. based Multi-Color Corporation (MCC), established in 1916, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of Beverage, Wine & Spirits, Food & Dairy, Personal Care & Beauty, Home Care & Laundry, Healthcare, Durables & Technical and Automotive & Chemicals. MCC serves national and international brand owners in North, Central and South America, Europe, Africa, China, Southeast Asia, Australia and New Zealand with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, Wraps, Aluminum, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs over 9,000 associates across over 70 label producing operations globally.

For additional information on Multi-Color Corporation, please visit http://www.mcclabel.com.

 

About Skanem AS

Founded in 1905 and headquartered in Stavanger, Norway, Skanem Group is a leading provider of pressure sensitive labels to international and regional customers in the food, personal care, home care, automotive and other markets.

For additional information on Skanem AS, please visit http://www.skanem.com

 

Contacts

For Multi-Color Corporation:

Sharon E. Birkett

Vice President and Chief Financial Officer 513-345-5311

InvestorRelations@mcclabel.com

For Skanem AS: 

Ole Rugland

Executive Chairman

+47 911 69 155

ole.rugland@skanem.com