Smaller, single - digital press micro label businesses are benefitting from their nimbleness by catering for the small-to-medium print runs and variable data content demanded my SME manufacturers, such as craft ales, wines, spirits and organic foodstuffs. Label printing is bucking the decline in overall print and it estimated to be growing at between 4.5% and 7% per annum, depending on the region. However, due to speed, quality, converting choices and huge volumes, flexography and sometimes offset are still dominant. Label production is increasingly adopting digital and hybrid digital-flexo models with inkjet ruling the roost in hybrid and HP Indigo and Xeikon toner in stand-alone narrow web. Hexagon most recently bought South Australia's Label Partners, driving right into the heart of MCC's core wine label business area.
Hexagon was formed in 2015 with Mercury Capital rolling up eight label businesses, mostly acquired out of the Geon and Blue Star collapses. MCC was privatised in July 2019 when Platinum Equity acquired all its shares and de-listed it from the NASDAQ exchange. MCC and Hexagon are both members of the 'Big 5' of regional label producers, as reported in sister publication Labels Online in April. Hexagon will add around 500 moreĬonsolidation in Australia and New Zealand's Label industry is set to continue, with the proposed acquisition of the Hexagon Group by Multi-Color Corporation. MCC is a global operation employing almost 10,000 people. Adding Hexagon brands such as Hally's, Adhesif, Rapid and Kiwi will add around $190 million to annualised sales. MCC already operates several sites in Australia, having acquired businesses such as Collotype, Pemara and most recently Herrods in Melbourne.
Cincinnati, Ohio-headquartered global label giant Multi-Color Corp (MCC), is planning to acquire 100% of Hexagon Group from Mercury Capital, subject to FIRB approvals.
0 kommentar(er)
