MPS Signs Purchase Agreement with CD CARTONDRUCK AG

Posted: 23rd May 2011 21:29

Multi Packaging Solutions, Inc. (“MPS”), a leading manufacturer of print and packaging for the cosmetics, healthcare, horticulture, media, and consumer markets announced that it has signed a definitive purchase agreement with CD CARTONDRUCK AG, (“CARTONDRUCK”) headquartered in Obersulm, Germany.

CARTONDRUCK is a leading manufacturer of premium packaging for the cosmetics, confectionery, consumer, and healthcare markets in Europe and the U.S., with a reputation for innovation and excellence. The purchase offers significant advantages for current and future customers by streamlining the global supply chain and enhancing product and technology innovation.

Commenting on the acquisition, Marc Shore, Chief Executive Officer of MPS stated, “The partnership with CARTONDRUCK is a great fit for MPS and our multinational and regional customers. It creates a global manufacturing platform offering an unparalleled range of products, design resources, print technologies, and manufacturing capabilities. We welcome the dedicated CARTONDRUCK employees to the MPS team and look forward to working with them to continue our strategic path forward.”

Steffen and Marc Schnizer, the managing partners for CARTONDRUCK, will continue to have responsibility for the European operations and will be important members of the MPS Management Team. As part of the transaction, they have also become shareholders of MPS.

“This is an exciting milestone in our company’s history,” commented Steffen Schnizer, Head of Marketing and Sales, “In joining with MPS, we now have additional resources to expand our offering in Poland, Germany, and the U.S. We’ve always had a tremendous commitment to our customers and the combined offering will further enhance our commitment.”

Marc Schnizer, Head of Finance, Technology and Administration, added, “Since the founding of CARTONDRUCK in 1969, we have continually invested in innovation and growth to support our customers’ need for premium packaging. Joining forces with MPS adds significantly to our depth of resources and breadth of experience.”

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