NEW YORK–(BUSINESS WIRE)–Multi Packaging Solutions International Limited (“MPS”)(NYSE: MPSX) – Multi Packaging Solutions (“MPS”), a all-around baton in value-added book and packaging solutions for the healthcare, branded consumer, and multi-media markets, has completed two cardinal acquisitions that accompaniment added operations aural MPS and added extend the ambit of articles the accumulation offers its customers.
In Europe, MPS has acquired AJS Labels based in Littlehampton and Featherstone UK. AJS specializes in the accomplish of self-adhesive labels for a arrangement of markets including confectionary, bloom and adorableness and claimed affliction products. Employing about 80 people, AJS are an award-winning architect bartering a advanced ambit of dejected dent bunch and UK customers.
In the US, MPS has acquired i3 Artificial Cards, based in Dallas, Texas. i3 offers a fully-integrated band-aid for creating and personalizing artificial transaction cards including pre-paid allowance and adherence cards. i3 Artificial Cards has the adeptness to personalize all artificial cards, administer assorted book and finishing effects.
Collectively the businesses recorded net sales of about $25 actor in the best contempo twelve months. Marc Shore – Chief Executive Officer of MPS, said:
“The accretion of AJS is constant with our activity to advance a added abundant position in their end markets. It will advice us abound the business organically and be allotment of our accretion all-around adequacy in the characterization space.
i3 stands for innovation, affiliation and in-line. Their adeptness to accomplish on a absolutely chip abject is a different aggressive advantage. We accept that both acquisitions are commutual in all respects to MPS’s cardinal plan. We are aflame to acceptable the advisers of AJS and i3 into the MPS family.”
Andrew and Jayne Scrimgeour, owners and founders of AJS Labels, commenting on the deal, said:
“We accept been complex with the business for over 7 years and are actual appreciative of what has been achieved. Over that period, the business has developed significantly. We accept congenital a able acceptability for addition and account and we now aftermath an all-encompassing ambit of labels for some of Europe’s best accepted brands. The accord will acquiesce the aggregation to realise its aggressive affairs to abound and advance as allotment of a business with a all-around brand and a broader ambit of capabilities.”
John Searfoss, admiral and architect of i3 commented on the accord and said:
“We durably accept that aing armament with the MPS accumulation is an acutely absolute cardinal activity in the change of our business actuality in Dallas. We accept a committed aggregation of bodies in i3 who absolutely endorse the abstraction of addition and acceptable advantage in our articles and chump service. We are abiding that with the MPS accumulation we can admission added markets with their greater geographic ability and artefact diversity.”
About Multi Packaging Solutions
MPS is a arch all-around provider of value-added packaging solutions to a assorted chump abject beyond the healthcare, chump and multi-media markets. MPS provides its barter with an all-encompassing arrangement of print-based specialty packaging solutions, including exceptional folding cartons, inserts, labels and adamant packaging beyond a arrangement of substrates and finishes. MPS has 59 accomplishment locations beyond North America, Europe and Asia and employs about 8,800 people.
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