Constantia Flexibles – Multi-Color buys labels business for EUR 1.15 billion

Constantia Flexibles to sell labels division to Multi-Color Corporation for an enterprise value of approximately EUR 1.15 billion (USD 1.3 billion)
AUSTRIA • Constantia Flexibles has signed an agreement to sell its labels division to Multi-Color Corporation for an enterprise value of approximately EUR 1.15 billion (USD 1.3 billion). The transaction is expected to be completed in the fourth quarter of 2017, subject to regulatory approvals.