A subsidiary WS Packaging, the Green Bay- and Algoma-based label and packaging provider that was purchased last year by the Platinum Equity private equity firm, is being merged with Multi-Color Corp., a Cincinnati company that Platinum Equity acquired as of the close of trade July 1.
According to a news release, the combined company will be known as Multi-Color Corp. and headquartered in Cincinnati, is a $2.2 billion USD per annum revenue business with 86 plants in 26 countries and over 10,000 global employees.
WS Packaging is now a Multi-Color Corp. business unit and will continue to serve customers with its own management team, sales force, plants and Green Bay-based support services, the release said.
The WS Packaging corporate headquarters is located at 2571 S. Hemlock Road at the intersection with state Highway 54 in the town of Scott, and the company also has two locations in Algoma, at 1102 Jefferson St. and 1217 Rabas St.
Nigel Vinecombe, executive chairman of Multi-Color Corp.’s board of directors since January 2016, and president and CEO of the company from June 2010 to January 2016, has been named CEO for the combined company.
“I am excited for this opportunity to open new areas of growth for our company that will allow us to even better serve our customers with a comprehensive suite of label solutions across all regions, technologies and run lengths,” Vinecombe said. “This is a testament to all Multi-Color Corp. has achieved in our mission to deliver the world’s best premium label solutions – and we are confident this is only the beginning of what we will accomplish together with WS Packaging.”
Louis Samson, partner in Platinum Equity, said, “Bringing these companies together creates one of the most extensive manufacturing and production footprints in the industry and a business with unrivaled technology and expertise. We will work with the management team to ensure a seamless transition and will continue pursuing new avenues for growth.”
Multi-Color Corp. is now a privately held company, and shares of its common stock ceased trading on the NASDAQ Stock Market after the close of market July 1.