Multi-Color to acquire label operations in Europe and Thailand of Skanem Group.

Multi-Color, a provider of global label solutions, agreed to acquire label operations in Europe and Thailand of Skanem Group, a provider of pressure sensitive labels to international and regional customers. Financial terms were not disclosed. “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,” Ole Rugland, Skanem Group Executive Chairman.