The combined company serves customers in multiple end categories such as wine and spirits, food and beverage, beer, and home and personal care
The funds managed by Clayton Dubilier & Rice (CD&R) have agreed to acquire labelling companies Fort Dearborn and Multi-Color Corporation (MCC) from Advent International and Platinum Equity for an undisclosed sum.
CD&R announced that it will combine both acquired entities to create the world’s largest label solutions company to serve customers across the world.
The combination of Fort Dearborn and MCC will establish a diversified platform across label technologies, end categories, geographies and customers.
The combined firm serves customers in multiple end categories such as wine and spirits, food and beverage, beer, and home and personal care. It is expected to generate revenue of about $3bn per annum.
Fort Dearborn offers decorative labels and packaging for consumer package goods companies.
The company’s product portfolio consists of cut and stack labels, in-mould labels, pressure-sensitive labels, roll-fed labels, stretch sleeve labels and flexible packaging solutions.
With 20 locations across the US, the company offers a range of label solutions to efficiently meet customers’ packaging requirements and business objectives.
Based in Ohio, US, MCC offers label solutions to customers in different segments, including beverage, wine and spirits, food and dairy, personal care and beauty, home care and laundry, healthcare, durables and technical and automotive and chemicals.
With customers in North, Central and South America, Europe, Africa, China, Southeast Asia, Australia and New Zealand, the company offers a range of latest label technologies in pressure-sensitive, cut and stack, wraps, aluminium, in-mould, shrink sleeve and heat transfer.
CD&R CEO Nate Sleeper said: “We look forward to working with the combined company’s leadership team to help drive innovation and enhance its offering to a highly discerning customer base around the world.
“We see numerous opportunities to drive operational scale, achieve sustained growth, and we believe our expertise can help position the combined company for success well into the future.”
Subject to customary closing conditions, the acquisitions and merger are expected to be completed by the end of this year.