Label company, Multi-Color Corporation (MCC), based in Chicago, has acquired the Turkey-based in-mold label (IML) solutions provider, Korsini, according to a press release. The financial terms of the deal were not disclosed.
"MCC is the preferred partner for large and small brands seeking to build brand equity, and a leader in producing innovative and sustainable premium labels," Enrico Corsini, who will continue running the business under the MCC Korsini brand, said. "Joining forces with MCC will open up new opportunities for local and international growth, while allowing us to retain day-to-day control of our operations. We'll continue delivering the high standards of quality and customer service our clients expect."
The acquisition is expected to expand MCC's in-mold labeling network and operational presence in Europe, the Middle East, Africa and Asia. The business confirms plans to continue investing in people, processes and technology, and continue offering its IML solutions on a global scale.
"Joining forces with Korsini will spark new innovations and allow us to offer our clients an even better service and products. We are truly excited and look forward to continuing the journey together," said Peter Grugeon, president, Global IML.
IML specializes in producing pre-printed labels, which are then added to packaging mold during a container's manufacturing process. The process was made to develop "a fully recyclable, cost-effective, durable and consistent product.”
"We strongly believe in the potential of IML technology, and Korsini has proven over the past decades to be a strong and innovative company at the forefront of continuous development of IML solutions," said MCC CEO Kevin Kwilinski. "With a long legacy in the printing industry, the Corsini family and Korozo group have considerably advanced the IML market. Korsini is the perfect partner for us to further develop IML as a premium label solution."
Initially established in 1902 under the name, Fratelli Corsini, the company’s operational presence expanded significantly following its merge with the Korozo group as the IML’s co-leaders.