NEW YORK--(BUSINESS WIRE)--Multi Packaging Solutions (“MPS”), a global leader in value-added print and packaging solutions for the branded consumer, healthcare and multi-media markets, and AGI Global Holdings Coöperatief U.A. and AGI-Shorewood Group US Holdings, LLC (together, “ASG”) announced today that they have entered into a definitive agreement for the sale of the North American and Asian Print businesses of ASG to MPS.
The acquisition of ASG, a highly respected manufacturer of print and packaging in the United States, Canada, Mexico and China, will further expand MPS’ global network and customer base.
Commenting on the acquisition, Marc Shore, CEO of Multi Packaging Solutions, said “We are pleased about the addition of ASG to the MPS family. Both companies share a common vision: to provide innovative products of the highest quality to serve our customers on a local and global basis. We look forward to working together as a cohesive team to enhance our offering to our customers and achieve our strategic goals.”
Mike Jackson, Chairman of ASG, stated, “We are pleased to announce this transaction, which will be beneficial to our customers and our associates throughout North America and Asia. We are proud of the high quality and innovative print packaging we have designed and delivered to leading home entertainment and packaged goods manufacturers in the United States, Canada, Mexico and China. And we believe that MPS will be an excellent home for our more than 1,600 associates at our seven plants in these countries.”
In connection with the transaction, MPS was advised by Barclays and Ernst & Young LLP. Ropes and Gray LLP served as legal counsel to MPS. ASG was advised by Deloitte Corporate Finance LLC. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to ASG.
About Multi Packaging Solutions
Multi Packaging Solutions (“MPS”) is a leading global provider of value-added packaging solutions to a diverse customer base across the healthcare and branded consumer markets. MPS provides customers with an extensive array of print-based specialty packaging, including premium folding cartons, labels, inserts/leaflets, and specialty packaging across a variety of substrates and finishes. The company has 53 manufacturing locations in the United States, Asia and Europe and employs over 7,600 people. MPS is a portfolio company of Carlyle Group and of Madison Dearborn Partners, LLC. For more information, please visit www.multipkg.com.
About AGI-Shorewood Group
AGI-Shorewood Group is a leading global specialty packaging manufacturer. AGI-Shorewood Group is a portfolio company of Atlas Holdings. For more information, please visit www.asg-worldwide.com.