Multi Packaging Solutions Announces Acquisition of Great Western Industries
FOR IMMEDIATE RELEASE
New York, NY – February 8, 2008: Multi Packaging Solutions, Inc. (“MPS”), a specialty print and packaging company, and a portfolio company of Irving Place Capital, today announced that it has completed the acquisition of Great Western Industries (“GWI”).
Great Western Industries, headquartered in Dallas, TX, is a leading supplier of print and packaging to the Cosmetics, Fragrance, Consumer, and Media markets. The acquisition provides GWI with resources that will be used to expand the business and offers MPS complementary technology and capacity to support its growing customer base. Terms of the transaction were not disclosed.
Marc Shore, Chief Executive Officer of MPS commented, “Great Western Industries has a diverse range of capabilities and technologies that enhances our ability to deliver on our promise to customers of total packaging solutions. We look forward to working with their extremely talented management team.”
Brian Mason, Chief Executive Officer of Great Western Industries stated, “We are excited about this next phase of our growth. Our goal is to build the combined companies into a preeminent provider of value-added products and services for our target markets.”
About Multi Packaging Solutions:
Multi Packaging Solutions is a leading print and packaging company offering an array of print and packaging for the healthcare, horticultural, media, and value added consumer markets. MPS has 10 production facilities throughout the United States. Founded by Marc Shore with the financial backing of Irving Place Capital, MPS has a seasoned management, sales, and design team with vast experience in print and packaging. Unlike traditional packaging companies, MPS is unique in its depth of industry experience, breadth of technologies and range of resources. More information is available at www.multipkg.com.
About Great Western Industries:
Great Western Industries is specialty print and packaging company that serves the cosmetics, fragrance, consumer, and media markets. Their facility in Dallas, TX, features state-of-the-art printing and finishing equipment, including conventional, silkscreen, and UV presses. More information on Great Western Industries can be found at www.gwiinc.com.
About BSMB:
BSMB, the private equity affiliate of The Bear Stearns Companies Inc. (NYSE: BSC) invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Since its formation in 1997, BSMB has been an investor in 67 portfolio companies. BSMB manages over $5 billion of private equity capital. More information about BSMB is available at HYPERLINK "http://www.bsmb.com/" \o "http://www.bsmb.com/" http://www.bsmb.com.
Contact:
Erin Willigan
Multi Packaging Solutions
150 East 52nd Street – 28th Floor
New York, New York 10022
646-885-0157
erin.willigan@multipkg.com
