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CARTONDRUCK and MPS Complete International Partnership

CARTONDRUCK, a leading European manufacturer of premium packaging, headquartered in Obersulm (Germany) today announced the signing of a definitive purchase agreement with Multi Packaging Solutions, Inc. (MPS).

This partnership enables CARTONDRUCK to add new potential to its creative and visionary strength by becoming part of one of the world's leading companies for premium packaging. Moreover, we will now be in position to speed up planned investments. The scope of expansion for the CARTONDRUCK location in Poland will now short-term be at a far greater level than originally planned.

MPS is a US-based leader in print, packaging, and labels for the cosmetics, healthcare, media and consumer markets. Their agreement with CARTONDRUCK that was signed today includes that Steffen and Marc Schnizer, Members of the Board of Directors of CARTONDRUCK, will join the MPS Senior Management Team and continue to have responsibility for the European operations. In addition, they have also become shareholders of MPS.

Both companies are virtually predestined for this kind of partnership. The combination of MPS and CARTONDRUCK offers current and prospective customers an unparalleled range of products, design resources, print technologies, and manufacturing capabilities in both the US and Europe.

Joining forces

“This is an exciting milestone in our company's history,” comments Steffen Schnizer, Head of Marketing and Sales, “In joining with MPS, we can accelerate the development of the company and offer significant advantages on an international scale. Both companies share a common philosophy of true customer partnership and a commitment to strategic growth.”
•€žSince the foundation of the company in 1969, we have continually invested in innovation and growth to support our customers' need for premium packaging”, adds Marc Schnizer, Head of Finance, Technology and Administration. “Joining forces with MPS adds significantly to our depth of resources and breadth of experience.”

Commenting on the acquisition, Marc Shore, Chief Executive Officer of MPS stated: “The partnership with CARTONDRUCK is a great fit for MPS and our customers. It accelerates product and technology development for both companies and streamlines manufacturing and logistics for customers with international operations. We look forward to working with the entire CARTONDRUCK team.”
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