Multi Packaging Solutions (MPS) has completed two strategic acquisitions, as the company said in the press release received by Lesprom Network.
In Europe, MPS has acquired AJS Labels based in Littlehampton and Featherstone, the UK. AJS specializes in the manufacture of self-adhesive labels for a variety of markets including confectionary, health and beauty and personal care products.
In the US, MPS has acquired i3 Plastic Cards, based in Dallas, Texas. i3 offers a fully-integrated solution for creating and personalizing plastic transaction cards including pre-paid gift and loyalty cards.
Collectively the businesses recorded net sales of approximately $25 million in the most recent twelve months.
Marc Shore, CEO of MPS, said: “The acquisition of AJS is consistent with our strategy to develop a more substantial position in their end markets. It will help us grow the business organically and be part of our expanding global capability in the label space.
i3 stands for innovation, integration and in-line. Their ability to manufacture on a fully integrated basis is a unique competitive advantage. We believe that both acquisitions are complementary in all respects to MPS’s strategic plan. We are excited to welcome the employees of AJS and i3 into the MPS family.”
MPS is a leading global provider of value-added packaging solutions.
